Why Bitcoin Could Explode To $40,000 Per Coin In A Flash
15 Mar 2023 8:25 PM
Bitcoin price is trading at $24,000 at the moment, and only recently held a retest of $20,000. Yet within weeks, Bitcoin price could double to more than...
- Bitcoin price is currently trading at $24,000 and recently retested $20,000.
- Technical analysis suggests that Bitcoin price could double to more than $40,000 in a flash.
- The combination of logarithmic moving average convergence divergence (LMACD) and Bollinger Bands on the 3-week timeframe has had a near-perfect track record of signaling the start of the strongest bull trends in crypto history.
- This setup is back for only the fourth time in Bitcoin price history, and historical data suggests that the top cryptocurrency by market cap could see a strong move soon, with as much as 118% on average initially.
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The article has a positive sentiment towards Bitcoin, as it suggests that the cryptocurrency could see a strong move soon and double in price to more than $40,000.
What is the current price of Bitcoin?
What is the technical combination that has had a near-perfect track record of signaling the start of the strongest bull trends in crypto history?
How many times has this setup occurred in Bitcoin price history?
What is the upper Bollinger Band located at?
What is the sentiment of the article towards Bitcoin?