Bitcoin Price Chart Shows Big Bullish Divergence: Crypto Trader

📰 News
Put your
crypto to
work
  • 1.30

    Interest per week

  • 67.5

    Interest per year

  • 3.60

    Interest rate

Join Now!
Sponsored by Celsius.Network
  • 📰 News

    Even though things are looking bearish for Bitcoin, the 4-hour chart shows that in the next two-three weeks the BTC price will spike, a crypto analyst says

Bitcoin Price Chart Shows Big Bullish Divergence: Crypto Trader
Cover image via 123rf.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Contents

Despite many believe that the Bitcoin price may plunge soon, this crypto trader keeps giving bullish forecasts on BTC.  This time, he looks at a 4-hour graph.

A big bullish divergence

A crypto trader @themooncarl, who predicted a bullish reversal for the Bitcoin price at the end of last week, again posts a chart with a Falling Wedge pattern. He reminds the community that even though Bitcoin may look bearish at the moment, he clearly sees a big bullish divergence on both 4-hour and 1-hour charts.

He concludes:

“Bitcoin will do well in the coming 2-3 weeks!”

In the comment thread, the trader confirms his opinion that Bitcoin has a 70-percent chance of breaking up because of the Falling Wedge since this pattern is bullish.

At press-time, Bitcoin is trading at $8,547.

BTC price CMC
Image via CoinMarketCap

Must Read
Tron CEO Justin Sun Gets His Account Closed by Bank of America after PayPal’s Roelof Botha - READ MORE

Bitcoin is in the Golden Pocket area

As reported by U.Today previously, another crypto analyst shared on Twitter that Bitcoin currently remains in the Golden Pocket area, which is good. However, @CryptoMichNL stated that Bitcoin has to maintain the $8,400 level or remain above it so as not to drop by a thousand dollars to $7,400. Overall, he tweets, the situation here is not bad.

In about six months, the next Bitcoin halving takes place. Many crypto traders and experts believe that after this event, the BTC price will start surging.

However, some reckon that the father crypto may start soaring to any point up to $20,000 per BTC prior to the halving.

The fastest way to get crypto news is to follow our Twitter. You won’t miss a thing! Subscribe.

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

Recommended articles
CLOUD MININGPromoted