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Bitcoin Is Reportedly Forming Bullish Divergence

It’s been just revealed that a popular crypto trader who was able to call the May 2021 Bitcoin collapse is not phased by the crypto’s bearish price action. Check out the latest reports about the price of Bitcoin below.

Bitcoin bullish divergence forming

A popular crypto trader who called the May 2021 Bitcoin (BTC) collapse is not impressed at all by the crypto’s bearish price action this week.

The pseudonymous analyst Dave the Wave said recently that he has “zero” fear about the current crypto market woes. He explains this by saying that BTC is forming a bullish divergence on the weekly chart.

“BTC bullish divergence on the weekly.”

Dave the Wave said that bullish divergences happen when prices reach a new low and an oscillator doesn’t. He continued and explained that this can signal the conclusion of a downtrend, according to the analyst.

Bitcoin is trading at $17,336 at the time of writing.

It’s been revealed that despite Bitcoin’s bearish price action, Dave the Wave could reach nearly $550,000 by late 2032.

“BTC 3400% return in 10 years anyone?”

Bitcoin price prediction is out following crypto meltdowns

It’s been just revealed that there is a crypto strategist who accurately nailed the 2018 Bitcoin (BTC) bear market low. Now, he is mapping out what’s ahead for the king crypto after it reached fresh 2022 lows.

Pseudonymous analyst Smart Contracter just said that Bitcoin may be near a final low after it printed a new bear market bottom of around $15,700.

According to the strategist, BTC may have finally fallen enough to begin a long-term reveal in price.

“The first stage of the sweep [is done]. Now we wait patiently for price to close back into the prior breakdown range on daily timeframe and go all in.”

The optimistic crypto predictions continue following the crypto meltdown triggered by the issues that involve FTX.

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