Bitcoin’s Inverse Head and Shoulders Pattern Indicates Where BTC Price Is Headed Short Term

2024-3-24 14:30

According to cryptocurrency analyst Jesper, Bitcoin’s recent price action has formed a textbook “inverse head and shoulders” pattern on the 30-minute chart, a bullish technical formation that could pave the way for further gains in the short term.

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Bitcoin Money Velocity Hits 2010 Lows, As BTC Price Flatlines

Bitcoin’s monetary velocity is at its lowest point in eight years, and investors should be “realistic” about the chances of the 2018 bear market ending in the medium term. Echoes Of The Dawn Of Bitcoin Speculation That was the message from data analyst Willy Woo October 29, who uploaded new data tracking quarterly velocity for Bitcoin versus USD money supply.

2018-10-29 13:00