Experienced analyst said that Bitcoin's technical indicator is ready to explode upwards.
Glassnode founder Yann Allemann included analysis from trading legend macroeconomist Henrik Zeberg in his May 9 post. Stating that Bitcoin's technical chart is ready for an upward explosion, Zeberg also included detailed explanations.
When looking at Bitcoin on a weekly basis, Zeberg stated that the green candle that appeared last week was a "hammer" and noted that the current situation has turned into a pennant structure again.
Based on this, the experienced name, focusing on the fact that the last retreat may be a preparation before the rise, reminded that corrections often take back 50-60% of the previous big rise, as in the days we find ourselves in:
Zeberg had drawn a reliable picture by predicting the recent rise.
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