Bitcoin (BTC) About to Enter 'Hope' Market Stage – Close to 'Euphoria,' Analyst Says

  • 📰 Utoday_en
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Bitcoin about to take first step toward a massive price surge, ali_charts claims. $BTC

price in the near future. He posted a diagram of the stages of the psychology of a market cycle to show where he believes BTC is by now.

According to his tweet, he seems to be bullish on BTC as the flagship cryptocurrency is about to enter a positive stage.Martinez posted an image of"The Wall Street Cheat Sheet,"that explains the emotions of traders that change as the market goes through different stages. The analyst believes that Bitcoin is about to enter the"Hope" stage on this chart of emotions. In this stage, making the first price rally, an asset reaches the point of temporary consolidation and retracement. However, investors reckon that the asset has great potential for a further rise. At this stage, investors who stayed away during the first rally start to gradually come in.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 295. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Economist Peter Schiff Surprises Critics, Dives Into Bitcoin-Backed NFT Market – Bitcoin NewsSchiff and Price's unique digital collectibles will be minted on the Bitcoin blockchain using Ordinal inscription technology.
Source: BTCTN - 🏆 531. / 51 Read more »

Nigerian crypto company suspends withdrawals after BTC and naira compromiseNigerian platform Patricia faced a security breach and suspended withdrawals as efforts to recover assets are ongoing.
Source: Cointelegraph - 🏆 562. / 51 Read more »