Markets
Top Trader Says Bitcoin’s ‘God Candle’ Loading Predicts BTC to Catch Stock Market Rallies
An analyst who continues to build a following with timely calls on cryptocurrencies believes the time has come for Bitcoin (BTC) to follow the footsteps of the rapidly growing stock market.
Over the weekend, the pseudonymous analyst Bluntz said his 265,000 followers on social media platform X that Bitcoin was poised to kick off a recovery on the road to new all-time highs if BTC convincingly surpassed $60,000.
With BTC trading at $64,774 at the time of writing, the crypto strategist now you think that Bitcoin is ready to steal the show from the stock market.
“Cryptocurrencies were not cutting edge, they were late.
The great recovery begins.”
The cryptocurrency analyst also believes that BTC is preparing to press a “divine candle” or a huge spike in price that results in a large candlestick pattern.
Moving away, Bluntz suggests that Bitcoin may have bottomed out earlier this month, when it fell below $55,000 and BTC bulls stepped in and piled on the dip. According to the analyst, Bitcoin is currently showing a hammer candlestick pattern on the monthly chart, suggesting a recovery is underway after sellers failed to maintain momentum.
“I know they are still there [15] Only a few days left but damn that monthly BTC candle is the bomb.”
Source: Bluntz/X
Over the weekend, cryptocurrency analytics firm Santiment said that Bitcoin and the rest of the cryptocurrency markets have started to show 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 could be awakened Bitcoin and cryptocurrencies.
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