BTC is on a roll. Crypto Rover shared news about BTC forming a bullish pattern on weekly charts. All the markers point towards one direction: BTC is growing and can reach newer heights in the upcoming few cycles. Historically speaking, such bullish weekly markers have catapulted.
Crypto-Rover practically broke the crypto landscape on May 10th with their end-of-the-week tweet regarding a golden bullish pattern forming near BTC. This golden cross or bullish mark has historically pushed the price higher.
Is Bullish Arc Ahead?
Sources have suggested that the bullish mark of the 50-week moving average surpassing the 200-week moving average is a sure-shot marker of bullish traction. In other words, such movements are known to push prices.
The on-chain metrics and Crypto Rover’s tweet have incited market excitement. This pushes the price higher and increases the overall trading volume across major exchanges, suggesting that the token is all set to be on a bullish arc.
From a trader’s perspective, this opens many doors for better investment opportunities. However, seasoned veterans have clearly stated that this could also incite a major flushout, where people can cash in to get the profit.
Overall, the week is ending on a positive note.
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