RATE Group | Bitcoin Price Signal That Preceded 4,000% Rally Now Forming, and It’s Huge for BTC
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Bitcoin Price Signal That Preceded 4,000% Rally Now Forming, and It’s Huge for BTC

18 Jan Bitcoin Price Signal That Preceded 4,000% Rally Now Forming, and It’s Huge for BTC

Posted at 01:02h in Bitcoin News by

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Ever since Bitcoin investors got a taste of parabolic price appreciation in 2019, which saw BTC gain 330% in some four months, they’ve been craving it, evidenced in the incessant flow of lofty predictions on Crypto Twitter.

Related Reading: Watch Out, This New Bitcoin Scam Is All Over Youtube

While this dream of another parabolic rally was fleeting for the second half of 2019, it appears that 2020 may be the start of something massive in the Bitcoin space.

Bitcoin To Soon Go Parabolic, Suggests Forming Signal

Prominent cryptocurrency trader Byzantine General, who earlier this month noted in an analysis that the Bitcoin bottom most likely came in at $6,400, pointed to the below chart on Friday: in it, it shows BTC’s one-month chart with so-called Heiken Ashi candles, which allows traders to more easily “spot market trends and predict future prices” than with normal candles.

What’s interesting about this chart is that the current monthly candle for January is printing a green…

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