Este pregătită scena pentru o revenire Bitcoin anul acesta? Iată de ce acest analist criptografic este optimist

A popular crypto analyst is preparing for a fresh Bitcoin rally as the flagship cryptocurrency wavers around the $35,000 range.

The pseudonymous trader spune his 127,000 Twitter followers why he is bullish on BTC despite its recent price action.

“You’ve seen me posting very bullish tweets these days. This is not random. I’m going to explain some of the reasons why I still think we will see new highs this year.”

The analyst points out that the famous Bitcoin Indicele fricii și lăcomiei shows fear has overtaken the crypto markets. As Capo points out, creators of the index say this is a sign that traders may have become overly bearish, and a turnaround is likely.

“Market sentiment is very bearish. All I see is people calling for lower prices, saying that the bull market is over, that we are entering a three-year bear market…

This is clearly visible on the Fear and Greed Index.”

Capo also highlights that the Bitcoin funding rates moved deep into the negative during the dip towards $30,000 in late May and remain low, suggesting that the sharp and sudden decline was a capitulation event.

Those shorting Bitcoin may not be in an advantageous position as a consequence, notes Capo.

“Funding rates confirmed the capitulation event, turning very negative after the last drop. It means that the longs got wrecked. When they stay like this for a long period of time it means that the shorts are trapped and an accumulation phase is likely.”

Additionally, the crypto analyst points out that Bitcoin has held the $30,000 level well amid market turbulence.

“Main pivot for BTC remains $30,000. This level has held very well, forming hidden bullish divergences and also regular bullish divergences on many indicators (relative strength index as an example).”

Capo also compares Bitcoin’s recent plunge to its plunge in December of 2020, wherein the asset entered an accumulation zone for a short period of time only to blast up to new all-time highs.

“Now some bullish fractals. BTC December 2020 vs. BTC now.”

Nu ratați o bătaie - Mă abonez pentru a primi alerte prin e-mail cripto livrate direct în căsuța de e-mail

Urmareste-ne pe Twitter, Facebook și Telegramă

Surf Mixul zilnic Hodl

Verificați cele mai recente titluri de știri

PUBLICITATE

Disclaimer: Opiniile exprimate la The Daily Hodl nu sunt sfaturi pentru investiții. Investitorii ar trebui să-și îndeplinească diligențele înainte de a efectua investiții cu risc ridicat în Bitcoin, criptomonede sau active digitale. Vă rugăm să vă informați că transferurile și tranzacțiile dvs. sunt pe propriul dvs. risc, iar orice pierdere pe care o puteți suferi este responsabilitatea dumneavoastră. Daily Hodl nu recomandă cumpărarea sau vânzarea de criptomonede sau active digitale și nici The Daily Hodl nu este un consilier în investiții. Vă rugăm să rețineți că The Daily Hodl participă la marketingul afiliat.

Imagine prezentată: Shutterstock/Gulsrud Action Media

Source: https://dailyhodl.com/2021/06/03/is-stage-set-for-a-bitcoin-comeback-this-year-heres-why-this-crypto-analyst-is-flipping-bullish/