Bitcoin, the cryptocurrency boasting the highest global market capitalization, has experienced an unexpected and significant surge, surpassing the crucial $30,000 threshold for the first time since April 19. This remarkable upswing has managed to captivate the attention of the esteemed trader, John Bollinger, who graciously shared his astute insights regarding Bitcoin’s current momentum.
In his commentary, Bollinger observed, “The first pattern failed, but the second one didn’t.” This noteworthy assessment hints at the possibility of Bitcoin’s continued upward movement, emphasizing the potential for the cryptocurrency to sustain its positive trajectory.
Dave the Wave contributed to the ongoing discussion surrounding the volatility of the stock. In a tweet, he provided a comprehensive analysis of Bitcoin’s monthly moving average convergence divergence (MACD), highlighting a bullish recross that hadn’t occurred in almost two years.
Despite the complexity of these patterns,
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