CandleFocus Analysts See a ‘God-Like Candle’ Coming as Bitcoin Closes Above Key Resistance
2024-10-06
Author: Content Editor
The Bitcoin chart is showing signs of a new bullish phase, with the 3-month chart closing above the all-time high (ATH) made in 2021. This has led to expectations of a rally in Bitcoin's price. The 3-month candle is consistently converging above the 2021 ATH, indicating the potential for further price gains in the near future. Bitcoin is holding around $61,000, with the previous ATH serving as stable support. Analysts anticipate a massive move soon, potentially leading to a "God-like candle" that pushes prices higher. The long-term technical outlook for Bitcoin appears promising, but there is some risk due to market fluctuations.
Related News
US gov files complaints to seize assets from North Korean hackers Best Cryptocurrencies Under $0.10 – Which One Is Most Likely To Hit $1? XLM, RBLK, HBAR and VET L2 Scaling Challenges May Undermine Ethereum and Bitcoin’s Long-Term Security Watch Out: Entering a Critical Week – There Are Many Economic Developments and Altcoin Events in the New Week – Here is the Day... If This Pattern Holds Dogecoin Price Could Target $0.20; Analysts Predict Blake3 Now Most Profitable PoW Algorithm for Crypto Miners, KAS Slips in Rankings AI Tokens Soar in Weekly Trading Volume: RENDER, TAO & WLD Lead BlackRock Ranks Bitcoin as Safe and Ethereum as Speculative New All-Time High for SUI Price Not on the Horizon Solana’s bullish breakout: Will SOL surge to $187? Top DeFi Projects Show Remarkable TVL Growth Amid Market Volatility Top Ethereum DeFi Projects Burn Over $17 Million in $ETH HMSTR, SUI, FTT: Top cryptocurrencies to watch this week Bitcoin Eyes $63K as Saylor Promotes "Piece of Cyberspace" Crypto Strategist Sees Bitcoin Potentially Rallying to $68,000 – But There’s a Big Catch Watch Out: 22 Altcoins Will Have Massive Token Unlocks in the New Week – Here’s a Day-by-Day, Hour-by-Hour List Ethereum Price $3K Rally at Risk as ETH Turns Inflationary Post-Dencun Melania Trump plans to expand Web3 venture for foster care kids Bitcoin’s rise above $62,000 could pull APT, WIF, FTM, and BGB higher Bitcoin’s ‘Cup and Handle’ Pattern Signals Path to $126K—But a Final Flush Could Be Imminent Academic paper suggests governments should attack public blockchains U.S. moves to seize $2.7 million from Lazarus hacks traced through Tornado Cash, other mixers The Privacy Imperative: Achieving true final settlement in Bitcoin Bittensor (TAO) Price Nears 80% Rally Validation — Here’s What to Expect Analyst Reveals the Level to Be Crossed for Bitcoin Price to Change Trend to Upward Solana Dev Quits Project He Set Himself on Fire to Pump Web3 charts a challenging course on the long road to mass adoption Key Indicators Reveal Ethereum’s Price Is Poised for Recovery PEPE Whale Faces EIGEN Loss: $407K Down After Selling 772K Tokens Whales didn’t sell Bitcoin at $62k, on-chain data shows FLOKI Traders Eye October 22 for Possible Breakout Pattern What's Next for Shiba Inu (SHIB) Price? Bollinger Bands Unveil Epic Scenario Arris Partners with BitRivals to Elevate AI and Blockchain Integration in Gaming Dark MAGA coin spikes on heels of Elon Musk, Trump rally speech Top Movers Today: ZERO, CVC, and ROUTE Shine with Double-Digit Gains Puffer Finance Unveils Fast Path Rewards, Enhancing Validator Economics Ripple’s XRP Ledger Could See $50 Trillion in Volume, Predicts Archax CEO Bitcoin Rockets 354% in 24 Hours in Epic Liquidation Imbalance Solv Protocol Now Leads in Bitcoin Finance with $1.4B TVL Toncoin Risks To Decline As Price Encounters Rejection At $7.00 Investors Brace for US CPI Data Amid Inflation and Job Report Concerns History and evolution of Bitcoin ATMs Analysts See a ‘God-Like Candle’ Coming as Bitcoin Closes Above Key Resistance Down from the Peaks: Bitcoin Nears Record High While Altcoins Face Uphill Battle 3 cryptocurrencies to avoid trading this week amid unlocks Critical Meeting Will Be Held in China in the New Week: Here’s the Day and Time for Cryptocurrency Followers to Watch 3 XRP Price Levels to Watch as It Aims for $0.5 Tether teases USDT documentary on 10th anniversary 3 Token Unlocks to Watch Next Week Bitcoin realized price rejections hint BTC price ‘weakening’ — Analyst Bitcoin Transfer Volumes Soar in 2024, Set to Break 2023’s Record in 2 Weeks Coinbase's Talks With TradFi Firms Pick Up as Crypto Becomes More Bipartisan MicroStrategy To Boost Bitcoin Adoption With New Job Opening Wealthiest Man in Argentina Praises Bitcoin's Strength Against Government Intervention This Week in Crypto Games: CryptoKitties Hit Telegram, 'X Empire' Flip-Flop, and 'Moonray' Goes Mobile SHIB Price Prediction for October 6 The Funding: FTX's discounted tokens keep drawing investor interest UAE exempts crypto transfers, conversion from value-added tax 90% Cardano (ADA) Price Drop Predicted by Max Kaiser: Details BTC short-term holders 'likely taking on more risk' as realized cap drops by $6B Accumulating Solana (SOL) Is a Strong Short-Term Strategy, Says This Indicator Iggy Azalea says 'the time is now' for crypto mass adoption TON Launches Memelandia to Fuel Meme Coin Ecosystem With New Decentralized Tools Bitcoin To Soar by up to 98% in a Blow-Off Top Move, According to Economist Henrik Zeberg – Here’s the Timeline Telegram to enable NFT conversion for new Gifts feature Polkadot Price Prediction: Will DOT Price Crash to 0? Interview with Massimo Morini, advisor of the Cardano Foundation EOS Network Hits New All-Time High in Total Value Locked (TVL) Core DAO Surges 11,000%, Dominating Bitcoin-Driven Blockchains How This Bitcoin Bull Market Cycle Stands Out Bitcoin Is Up 8,700,000,000% Since This Key Event These Alts Dumped the Most Weekly as Bitcoin (BTC) Calms at $62K (Weekend Watch) Is Bitcoin Gearing for a Major Move to $65,000? (BTC Price Analysis) Dogwifhat Price 8% Away From Ending Six-Month Bearish Phase Crypto Ponzi Leader Receives 121-Month Prison Sentence Bitcoin Cash: Empowering Merchants and Boosting Adoption in Bitcoin Cash City LEGO claims full recovery after hackers hijacked its website to promote crypto scam Analyst PlanB Unveils Potential Trigger for Next Bitcoin ‘Pump,’ Says Whales Waiting for Outcome of One Event POPCAT Surges Past $1.0094 All-Time High – What’s The Next Price Target? Solana (SOL) Path To New Highs: Analyst Eyes $160 As Critical Breakpoint Moonbeam Gains $1 Million in Weekly Inflows, Ethereum ($ETH) Leads Biggest Altcoin Gainers of the First Week of October 2024 On-chain sleuth ZachXBT calls crypto influencer Ansem a scammer Leveraged Strategies and TVL Growth Position NAVI for a Breakout Move on SUI Chainlink (LINK) Bullish Pattern Could Ignite A Breakout: Analyst Sets $15 Target 3 Reasons Why XRP Price Could Hit $277 By October These 2 Crucial Factors Could Drive Toncoin (TON) to $6