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BTCUSD Bitcoin

100,278.56

217.82 (0.22%)

08:58:03 - Realtime Data

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,980,325,760,292	SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	217.82	0.22%	100,278.56	100,281.15	100,281.16

High Price	Low Price	Open Price	Prev. Close	52 Week Range
100,383.57	99,220.81	100,036.00	100,060.74	38,501.00 - 104,000.00

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	08:58:02	0.000946	100,276.40	USD

Price x Volume	Volume	Base Symbol	Related Pairs
263,105,985.83	2,633.52	BTC	BTCEUR	BTCGBP	ETHBTC

Key Indicators Signal Bitcoin’s Next Move: Should Investors Brace For A Market Shift?

13/12/2024 1:00am

NEWSBTC

Bitcoin has long been a focal point of interest for investors due to its cyclical nature, transitioning between periods of bullish and bearish trends. As of now, Bitcoin is reportedly within a bull market phase, according to a CryptoQuant analyst known as datascope. This phase, termed the “Orange Zone,” indicates that upward momentum is prevailing, although the market has not yet reached its peak. datascope’ analysis sheds light on the evolving Bitcoin Bull-Bear Market Cycle Indicator, a tool designed to help investors identify key market trends and make informed decisions. Related Reading: Bitcoin’s Market at a Crossroads: Are Long-Term Holders Signalling a Correction or a Rally? Bitcoin Market Cycle: Current Status And Investor Outlook The Bull-Bear Market Cycle Indicator relies on two moving averages: a short-term 30-day average and a long-term 365-day average. A crossover of the short-term average above the long-term average is seen as a critical signal, potentially marking the transition to the market’s peak period. However, the absence of such a crossover, as revealed by datascope currently suggests that while the market is on an upward trajectory, there is still room for significant growth before reaching a potential top. The analyst elaborated that in the current bull market, Bitcoin’s price movements reflect strong momentum, signalling opportunities for investors. However, with this phase also comes the necessity for strategic vigilance. datascope analysis also highlights the importance of preparing for corrections as prices approach the “red zone” (in the chart attached above), a stage associated with heightened risks. The analyst noted: As long as the 30-day Bull-Bear Market Cycle Indicator moving average remains above the 365-day Bull-Bear Market Cycle Indicator moving average, the long-term outlook will stay positive. However, as prices approach the red zone, the risk of corrections may increase. Therefore, it is crucial for investors to remain cautious during this period and consider taking profits when necessary. Key Takeaways For Investors datascope suggested that investors aiming to capitalize on Bitcoin’s ongoing bull market should focus on strategic entry and exit points. The analyst added: Although the current bull market shows strong momentum, it is vital to take market fluctuations into account and monitor price movements strategically. Following critical signals such as the crossover of moving averages can help investors identify opportunities more effectively during this period. Meanwhile, Bitcoin has recently seen a noticeable rebound in its price after reclaiming the $100,000 price mark yesterday. At the time of writing, the asset trades at a price of $101,639 increasing by 1.9% in the past day. Related Reading: Bitcoin On Track For $275,000? Analyst Cites Cup And Handle Formation According to renowned crypto analyst, Captain Faibik, as BTC recently breached the $101,000 price level, it has opened the door for further rally to $110,000. $BTC Seems like Bounce back soon & may test the 101k crucial Resistance again. Once the Critical Resistance is cleared, Next target is likely to be $110K.😉#Crypto #Bitcoin #BTC pic.twitter.com/19LwR6Mvf0 — Captain Faibik 🐺 (@CryptoFaibik) December 11, 2024 Featured image created with DALL-E, Chart from TradungView

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