Bitcoin$BTC Shows Signs of an Upcoming Price Surge
Bitcoin may be gearing up for a significant price increase, according to two popular trading tools. As the weekend came to a close on August 18, Bitcoin's price rose to a local high of $60,271, showing strength even during a typically quieter trading period.
One of the tools, the Ichimoku cloud, signaled a bullish crossover, which traders see as a sign of an upcoming upward trend. Another indicator, the MACD, also pointed to a potential price increase soon.
Analysts are now watching the $60,600 level closely. If Bitcoin can maintain this level, it could signal the start of a more substantial price rally, with some predicting a breakout phase as soon as late September. This could mark the end of the recent price dip and a return to stronger growth.
