Bitcoin parabolic rally is here, and you should prepare yourself for better days, according to the latest reports. Check out the new predicitons below.
Bitcoin parabolic rally is here
As per recent reports, a well-known crypto strategist predicts that Bitcoin (BTC) is preparing for a significant surge as the crypto leader shows a positive signal on its daily chart.
A recent YouTube video featuring analyst Kevin Svenson noted that Bitcoin’s daily chart has shown a crossing of the moving average convergence divergence (MACD) indicator.
The MACD is a momentum indicator that traders use to watch possible trend reversals.
As per Svenson, Bitcoin has shown a strong surge on two occasions when the daily chart’s MACD displayed a bullish crossover.
“These daily MACD crossovers can sometimes be just the beginning of a much larger move. We saw this earlier in March with a 45% pump coming right after our daily MACD cross-up, and earlier this year when we crossed up. We went from about $16,000 to over $20,000, $23,000, and $24,000.”
He continued and said this as well:
“So these daily MACD crossovers have yielded some pretty big moves this year.”
Bitcoin is showing signs for mooning
According to the latest reports, it seems that Bitcoin is flashing some bullish signals ahead.
The popular trader who profited from the recent surge in the crypto markets, Bitcoin (BTC) is poised to spark further rallies.
In a recent strategy session, pseudonymous analyst DonAlt said recently that Bitcoin looks bullish now that the crypto king is trading above $27,400.
In a bearish scenario, DonAlt is seeing Bitcoin to be soon rallying close to $30,000 before another leg down.
“If you reclaim ($27,400), that’s going to be a big strong signal. I think that could easily take us, if this sh** is truly cursed, it could take us to $29,400 and then go back down. That would be horrendous.”
DonAlt predicts that in a positive market trend, Bitcoin will surpass barriers across various timeframes and potentially reach a peak of $35,000. This is not the only optimistic prediction that we have been seeing about Bitcoin these days.
