Bitcoin Remains Stuck In A Sideways Range: What Does Technical Analysis Say?
Portfolio Pulse from Khyathi Dalal
Bitcoin's recent sideways trading has frustrated investors, but a technical buy signal from the weekly hash ribbons indicator suggests a potential price surge. Historical patterns indicate that Bitcoin could see significant gains if it breaks its all-time high. However, the market remains volatile and unpredictable.
July 24, 2024 | 6:18 pm
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Bitcoin's weekly hash ribbons indicator has flashed a buy signal, which historically has led to significant price increases. If Bitcoin breaks its all-time high, it could see substantial gains. However, the market remains highly volatile.
The weekly hash ribbons indicator has historically been a reliable buy signal for Bitcoin. If Bitcoin breaks its all-time high, it could see significant gains. However, the market's volatility means investors should approach with caution.
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