Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

Bitcoin Trader Insists The Bull Market is Not Over Despite Recent Pullbacks

Published 05/02/2024, 09:30 PM
Updated 05/02/2024, 09:45 PM
© Reuters Bitcoin Trader Insists The Bull Market is Not Over Despite Recent Pullbacks
BTC/USD
-

  • Bitcoin trader known as “Titan of Crypto” has stated that the bull market is not over.
  • The trader used data from the BTC/USD daily chart to show there is still momentum in the Bitcoin uptrend.
  • Bitcoin broke below significant support early this week, dropping below the critical $60,000 level.

A famous Bitcoin trader identified as Titan of Crypto on X has stated that the bull market is not over. In a recent post, the renowned trader used data from the BTC/USD daily chart to show there is still some momentum in the Bitcoin uptrend amid several calls for the beginning of a bear market from some crypto users.

Titan of Crypto’s post comprised a screenshot of the BTC/USD daily chart with a pair of moving average indicators superimposed on the chart. He identified the indicators as MA111 and MA350*2.

In his analysis, the trader spotted a couple of significant areas on the chart where BTC …

The post Bitcoin Trader Insists The Bull Market is Not Over Despite Recent Pullbacks appeared first on Coin Edition.

Read more on Coin Edition

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.