RATE Group | Bitcoin Prints Massive Buy Signal, Suggesting Price Will Soon Retake $10,000
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Bitcoin Prints Massive Buy Signal, Suggesting Price Will Soon Retake $10,000

07 Feb Bitcoin Prints Massive Buy Signal, Suggesting Price Will Soon Retake $10,000

Posted at 04:52h in Bitcoin News by

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Bitcoin (BTC) has been on a near relentless rally over the past few weeks, bounding past key price points in the $7,000s, then $8,000s, then most recently in the $9,000s. The cryptocurrency, while already up 50% in the past 45 to 50 days, still has more upside, per some prominent analysts, citing a flurry of technical factors that suggest more upside is imminent.

Bitcoin Prints Key Bullish Signal

Bitcoin’s strong rally over the past few weeks have allowed the cryptocurrency to print a flurry of positive signals on its charts.

Most recently, as pointed out by popular TradingView analyst TradingShot, the Ichimoku Cloud — a multi-faceted indicator that lets analysts determine market trends and key price points — just gave the “strongest BULL SIGNAL possible” on the daily chart for Bitcoin.

They wrote in the TradingView point that the last time the Cloud twisted bullish was in April 2019, which was prior to the over 200% rally that took…

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