Topic: Bitcoin Price Heading into ‘Classic Breakout Pattern’: Analyst - page 2. (Read 334 times)
While it's very true that the market has been fairly stable this past few weeks,a breakout pattern probably is not in sight,as it's unpredictable,the stability in the price most times doesn't indicate a breakout,i do not really see the bitcoin rising far above it's resistance levels and an increase in trading, volatility or investment anytime soon
one thing about bitcoin breakouts is that you can not predict them and there is no pattern that you can rely upon. there is only guesses that people make and most of the times they are not correct guesses.
in this case i don't see any breakout patterns at all. there is only a flat line on the charts without any signs of any kind of rise or drop on the way.
in this case i don't see any breakout patterns at all. there is only a flat line on the charts without any signs of any kind of rise or drop on the way.
The bitcoin price has been remarkably stagnant in recent weeks,
it is not "stagnant" it is stable while being accumulated.Quote
Analysts including Bloomberg Intelligence commodity strategist Mike McGlone have said that this could be an indication the cryptocurrency market is beginning to establish itself into a maturing asset class.
this "Intelligence commodity strategist" should learn to reach the charts. this is not the first time we have such patterns where price is very stable without much movement. and that has nothing to do with maturity! not to mention that "cryptocurrency market" is not the same as bitcoin market. the whole market also contains altcoins which have been pretty volatile as they get dumped or pump these days unless they are waiting to be pumped.it is interesting that CCN (a shitposting website) is quoting Bloomberg (bitcoin doomsday specialist
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Bitcoin Price Heading into ‘Classic Breakout Pattern’
EToro senior market analyst Mati Greenspan says that the market may soon return to its volatile roots, as bitcoin looks poised to awake from its slumber.
not gonna happen this soon and not at all fast. it might have been the case if price broke out 2 months ago but after this stability any rises will be slower too as the money slowly creeps back in. EToro senior market analyst Mati Greenspan says that the market may soon return to its volatile roots, as bitcoin looks poised to awake from its slumber.
It is definitely becoming a more stable currency than it was a couple of years ago. And increased adoption and circulation is partly responsible for that.
This is also prove that the community alone can support the growth and maturity of bitcoin without government involvement or centralization.
This is also prove that the community alone can support the growth and maturity of bitcoin without government involvement or centralization.
Bitcoin Price Heading into ‘Classic Breakout Pattern’: Analyst
The bitcoin price has been remarkably stagnant in recent weeks, with the flagship cryptocurrency’s volatility declining to a 17-month low on Oct. 8.
Analysts including Bloomberg Intelligence commodity strategist Mike McGlone have said that this could be an indication the cryptocurrency market is beginning to establish itself into a maturing asset class. But while declining volatility may make the case that bitcoin is a store of value a bit more plausible, cryptocurrency investors, particularly those who placed their bets when the market was near an all-time high, would prefer that BTC plateau while trading near a peak — not languishing in a valley.
Bitcoin Price Heading into ‘Classic Breakout Pattern’
EToro senior market analyst Mati Greenspan says that the market may soon return to its volatile roots, as bitcoin looks poised to awake from its slumber.
Writing in market commentary made available to CCN, Greenspan said that bitcoin’s range has steadily been getting narrower, so much so that it has now reached a tip. This, he said, is a “classic breakout pattern.”
https://www.ccn.com/bitcoin-price-heading-into-classic-breakout-pattern-analyst/
The bitcoin price has been remarkably stagnant in recent weeks, with the flagship cryptocurrency’s volatility declining to a 17-month low on Oct. 8.
Analysts including Bloomberg Intelligence commodity strategist Mike McGlone have said that this could be an indication the cryptocurrency market is beginning to establish itself into a maturing asset class. But while declining volatility may make the case that bitcoin is a store of value a bit more plausible, cryptocurrency investors, particularly those who placed their bets when the market was near an all-time high, would prefer that BTC plateau while trading near a peak — not languishing in a valley.
Bitcoin Price Heading into ‘Classic Breakout Pattern’
EToro senior market analyst Mati Greenspan says that the market may soon return to its volatile roots, as bitcoin looks poised to awake from its slumber.
Writing in market commentary made available to CCN, Greenspan said that bitcoin’s range has steadily been getting narrower, so much so that it has now reached a tip. This, he said, is a “classic breakout pattern.”
https://www.ccn.com/bitcoin-price-heading-into-classic-breakout-pattern-analyst/
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