Top Trader Says ‘God Candle’ Loading for Bitcoin, Predicts BTC Catching Up To Stock Market Rallies – Crypto News – Crypto News
Connect with us
Top Trader Says ‘God Candle’ Loading for Bitcoin, Predicts BTC Catching Up To Stock Market Rallies Top Trader Says ‘God Candle’ Loading for Bitcoin, Predicts BTC Catching Up To Stock Market Rallies

others

Top Trader Says ‘God Candle’ Loading for Bitcoin, Predicts BTC Catching Up To Stock Market Rallies – Crypto News

Published

1 year ago

on

An analyst who continues to build a following with timely crypto calls believes the time has come for Bitcoin (BTC) to follow in the footsteps of the surging stock market.

Over the weekend, pseudonymous analyst Bluntz told his 265,000 followers on the social media platform X that Bitcoin was poised to kickstart a rally en route to new all-time highs should BTC convincingly break above $60,000.

With BTC trading at $64,774 at time of writing, the crypto strategist now believes that Bitcoin is ready to steal the stock market’s thunder.

“Crypto wasn’t leading, it was lagging.

The great catch-up begins.” 

The crypto analyst also believes that BTC is gearing up to print a “god candle” or a massive spike in price translating into a big candlestick pattern.

Zooming out, Bluntz suggests that Bitcoin may have bottomed out earlier this month when it dropped below $55,000 and BTC bulls stepped up and accumulated the dip. According to the analyst, Bitcoin is currently flashing a hammer candlestick pattern on the monthly chart, suggesting that a recovery is in motion after sellers failed to maintain momentum.

“I know there are still [15] days to go but damn that monthly BTC candle is straight fire.” 

Source: Bluntz/X

During the weekend, crypto analytics firm Santiment said that Bitcoin and the rest of the crypto markets started showing signs of life after former President Donald Trump survived an assassination attempt while speaking at a rally in Pennsylvania on Saturday afternoon. According to Santiment, news of the assassination attempt may have awoken Bitcoin and crypto.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending