The Crypto Market’s Most Accurate Tool Says New Bitcoin Uptrend Is Here

The crypto market is at a pivotal moment. A new uptrend in Bitcoin was starting prior to the Black Thursday selloff, and now prices are consolidating below a critical level. A breakout all but guarantees a new bull market for cryptocurrencies. And now, one of the most accurate tools used in crypto technical analysis is signaling that a new uptrend is here. A New Cryptocurrency Bull Market May Finally Be Here Bitcoin price continues to trade sideways, following a V-shaped recovery from the Black Thursday bottom below $4,000. Prior to…

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Bitcoin Price Bulls Pin Hopes on Descending Channel Breakout to $10K

Bitcoin (BTC) price showed a bit of strength by briefly pushing to $9,235 as the daily close occurred but at the time of writing the top-ranked digital asset on CoinMarketCap is trading below the $9,200 resistance.  Crypto market weekly price chart. Source: Coin360 As discussed in the previous analysis by Cointelegraph Markets, the price remains pinned below the 20-MA and the descending trendline from the June 1 high at $10,380. Until Bitcoin can secure a daily close above the $10,400-$10,500 level the price remains at risk of a breakdown to…

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