Bitcoin's key signal flashes: historical data suggests a violent rise in 3-4 months
TechDev2024/12/17 09:59
By:TechDev
On-chain analyst TechDev pointed out that the Chaikin Money Flow indicator (CMF) of Bitcoin has touched the "yellow area". From historical data, this key signal appeared in the bull markets of 2013 and 2017, followed by a vertical rise in Bitcoin prices within 3-4 months, with astonishing gains.
Specifically:
In 2013, after the capital flow touched the yellow area, Bitcoin achieved a strong rise in 91 days, with a significant increase in trading volume.
In 2017, similar signals appeared again, and the price of BTC exploded in 122 days, with trading volume soaring to a high.
Currently, the CMF of BTC has re-entered this area. With the gradual recovery of market liquidity and the strengthening of trading volume support, resonance signals between Technical Fundamental and Fundamental have begun to emerge. If historical patterns repeat, the price of Bitcoin may enter a new round of strong upward trend in the next 3-4 months.
1
1
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!
You may also like
Bitcoin loses $100k as markets continue to slide in reaction to Fed’s slower pace for 2025
In addition to Jerome Powell's recent remarks on the US interest rate policy, a potential government shutdown is in play.
CryptoSlate•2024/12/19 21:44
How to Turn $100 into $1 Million? 5 Promising Cryptocurrencies
HappyCoinNews•2024/12/19 17:02
AI Predicts How Much XRP Will Be Worth at the End of 2024
HappyCoinNews•2024/12/19 17:02
$LTC, $HBAR, $XRP, and $SOL Tipped for Next Crypto ETFs
Bloomberg analysts name $LTC, $HBAR, $XRP, and $SOL as top picks for future ETFs.
Altcoinbuzz•2024/12/19 17:01
Trending news
MoreCrypto prices
MoreBitcoin
BTC
$97,771.15
-2.97%
Ethereum
ETH
$3,433.71
-5.89%
Tether USDt
USDT
$0.9995
-0.00%
XRP
XRP
$2.25
-2.72%
BNB
BNB
$668.32
-3.19%
Solana
SOL
$194.41
-5.45%
Dogecoin
DOGE
$0.3158
-12.12%
USDC
USDC
$1
+0.02%
Cardano
ADA
$0.8860
-9.07%
TRON
TRX
$0.2519
-2.74%
Bitget pre-market
Buy or sell coins before they are listed, including ME, TOMA, OGC, USUAL, and more.
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new Bitgetters!
Sign up now