Bullish divergences occur whenever bears throw in the towel and set the stage for bulls to make an attempt when prices fall to new lows, but that's not the case with oscillators.
Bitcoin continues to be a major topic in the #cryptocurrency world due to its uptrend. The coin recently broke above its 21-week exponential moving average (EMA) around $BTC Is #bitcoin entering a parabolic market?
Market analyst Elia believes bitcoin has already entered a parabolic period, which has helped #BTC rise above $115,000: Bitcoin is about to exit the re-accumulation phase (red) and move into the next phase of the bitcoin market cycle...
he stated. Parabolic growth phase (green).
According to these analyses, the question is not whether bitcoin will enter the next growth phase, but when it will happen.
According to Santimento, the growing accumulation of sharks and whales has played an important role in shaping bitcoin's stable price. Over the past six months, $4.08 billion worth of BTC has been purchased.
Thanks to $500 million in liquidity, spot bitcoin ETFs have seen a significant recovery, and a bullish picture continues to emerge for the first cryptocurrency.
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