Rare and massive buy signal for Bitcoin is an important development that is likely to spark renewed interest in the cryptocurrency
Tapiero took to Twitter to share the news, asking if anyone else could confirm the uber-bullish data.that the"mother of all" bullish signals for Bitcoin had flashed.
According to Sorout, the DCA indicator, which measures the performance of Bitcoin when investing on a dollar-cost averaging basis, has only flashed three times in the history of the cryptocurrency.Each time, the occurrence has led to massive rallies: a 7,400% increase in 2015, a 160% increase in 2019 and a 640% increase in 2020.
Sorout also mentioned that today marks the fourth time that the DCA indicator is suggesting a raging bull market for Bitcoin., Bitcoin recently managed to reclaim the much-coveted $25,000 level for the first time in eight months. However, it is still unclear how far this rally will go since the flagship cryptocurrency still has a long way to go before reclaiming its previous all-time high of $69,000.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin, Ethereum Technical Analysis: BTC, ETH Extend Gains Following US Inflation Report – Market Updates Bitcoin NewsBitcoin traded above $22,000 on Feb. 15, as markets continue to react to the latest U.S. inflation report.
Read more »
Bitcoin, Ethereum Technical Analysis: BTC Nears $25,000, Whilst ETH Hits $1,700 – Market Updates Bitcoin NewsBitcoin moved significantly higher on Feb. 16, as the world’s largest cryptocurrency hit its strongest point since last August.
Read more »
Bitcoin eyeing 'next big move' which could see $19K retest — analystBTC price faces a decision on $19,000 or $28,000 this week, Bitcoin analysis says.
Read more »
Bitcoin price eyes $23K despite US dollar strength hitting 6-week highBitcoin sees a solid comeback as BTC price gains over 2% despite U.S. dollar strength returning.
Read more »
Bitcoin (BTC) Price Analysis for February 16Can BTC keep rising faster than most of altcoins? NickSzabo4 alistairmilne Maybemore_DC WhalePanda maxkeiser
Read more »
Bitcoin (BTC), Ethereum (ETH) Might Gain $100 Billion in Inflows If This Happens: YouTuber Ran NeunerBitcoin (BTC), Ethereum (ETH) could see inflows of $100 billion if this occurs: Youtuber Ran Neuner BTC $BTC ETH $ETH RanNeuner
Read more »