{"id":59062,"date":"2019-12-25T11:30:02","date_gmt":"2019-12-25T09:30:02","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=59062"},"modified":"2019-12-25T10:09:11","modified_gmt":"2019-12-25T08:09:11","slug":"key-bitcoin-bull-market-signal-whats-next","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/key-bitcoin-bull-market-signal-whats-next\/","title":{"rendered":"Key Bitcoin Bull Market Signal Flashes; What&#8217;s Next?"},"content":{"rendered":"<p><a href=\"https:\/\/en.ethereumworldnews.com\/category\/news\/latest-bitcoin-btc-news\/\">Bitcoin<\/a> (BTC) hasn&#8217;t done too hot over the past few months. Since peaking near $14,000 in June, the cryptocurrency has tumbled by 50%, plunging as low as $6,400 just earlier this month. It would be fair to say that bulls of BTC haven&#8217;t had the best of times.<\/p>\n<p><img class=\"aligncenter\" src=\"https:\/\/www.tradingview.com\/x\/yaoaY5Eq\/\" alt=\"\" title=\"\"><\/p>\n<p>It should come as no surprise then that investors dealing with cryptocurrencies have been waiting with breathless anticipation for the start of Bitcoin&#8217;s next bull phase?<\/p>\n<p>While it seems <a href=\"https:\/\/en.ethereumworldnews.com\/bitcoin-price-not-bullish-until-7800-is-reclaimed-analyst-after-15-bounce\/\">way too early to tell<\/a> whether or not the recent recovery from $6,400 is a macro bullish reversal, a number of signals have recently flashed that imply the technical backdrop for BTC is favoring bulls in the long run, meaning that a bull run is right on the horizon.<\/p>\n<p>Here&#8217;s more on that now.<\/p>\n<h2><strong>Key Bitcoin Bull Indicators Flash\u00a0<\/strong><\/h2>\n<p>Popular cryptocurrency trader <a href=\"https:\/\/twitter.com\/galaxyBTC\/status\/1209076551087726593\" rel=\"nofollow noopener\">GalaxyBTC recently remarked<\/a> that Bitcoin&#8217;s chart just printed a key bullish signal: an indicator tracking the asset&#8217;s momentum on a medium-term basis has just crossed bullish on December 22nd. This signal comes after the same indicator printed a bearish crossover on August 10th, when BTC was trading near $12,000.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Guess what comes next.<\/p>\n<p>I can give you a hit. <\/p>\n<p>It starts with &quot;bull&quot; and ends with &quot;market&quot;.<a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">$BTC<\/a> <a href=\"https:\/\/t.co\/NXWXFaP309\" rel=\"nofollow\">pic.twitter.com\/NXWXFaP309<\/a><\/p>\n<p>&mdash; Galaxy (@galaxyBTC) <a href=\"https:\/\/twitter.com\/galaxyBTC\/status\/1209076551087726593?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">December 23, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Although some may question the validity of this momentum indicator, the last time a &#8220;buy&#8221; was printed prior to this latest signal was in mid-February, when BTC was bottoming in the low-$3,000s and over a month before Bitcoin broke out from $4,000 to $5,000, catching traders the industry over with their pants down.<\/p>\n<p>It isn&#8217;t only this technical indicator that is favoring bulls in the medium to long-term.<\/p>\n<p>\u201cDave the Wave,\u201d a prominent chartist that called the recent drop to the $6,000s when Bitcoin was trading above $10,000, recently noted that he believes the one-week\u00a0<span class=\"glossaryTerm\" data-title=\"Moving Average Convergence Divergence\" data-content=\"A technical analysis tool used to forecast future prices by indicating the relationship between two moving averages to provide a metric for price momentum.\" data-url=\"\/glossary\/moving-average-convergence-divergence\">Moving Average Convergence Divergence<\/span>\u00a0(MACD) \u2014 an indicator tracking trends of assets \u2014 is likely going to see a\u00a0<span class=\"glossaryTerm\" data-title=\"Bullish\" data-content=\"A descriptive term borrowed from stock markets to describe a positive market outlook.\" data-url=\"\/glossary\/bullish\">bullish<\/span>\u00a0crossover early next year.\u00a0 The popular trader\u00a0<a href=\"https:\/\/twitter.com\/davthewave\/status\/1208982193512402949\" rel=\"nofollow noopener\">wrote:<\/a><\/p>\n<blockquote><p>\u201cWeekly MACD shaping up to re-cross bullishly soon to confirm the continuation of the next cycle.\u201d<\/p><\/blockquote>\n<pre>Featured Image from Unsplash<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) hasn&#8217;t done too hot over the past few months. Since peaking near $14,000 in June, the cryptocurrency has tumbled by 50%, plunging as low as $6,400 just earlier this month. It would be fair to say that bulls of BTC haven&#8217;t had the best of times. It should come as no surprise then that investors dealing with cryptocurrencies have been waiting with breathless anticipation for the start of Bitcoin&#8217;s next bull phase? While it seems way too early [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":58492,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[800],"tags":[188,6971,83,162,111],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/59062"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=59062"}],"version-history":[{"count":0,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/59062\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/58492"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=59062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=59062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=59062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}