CandleFocus ‘Bird Beak Sign’ Appears On Bitcoin Price Heikin Ashi Chart, Analyst Explain What This Means
2024-10-28
Author: Content Editor
A crypto analyst has identified a new technical indicator called the "Bird Beak Sign" on the Bitcoin Heikin Ashi chart, suggesting a potential price rally. The pattern, characterized by consolidated Heikin Ashi candlesticks, has historically preceded significant upward movement in Bitcoin's price. The analyst points to previous instances where the pattern led to a surge in Bitcoin's price to $23,250, $52,000, and $71,000 to $72,000. Based on this pattern, analysts predict that Bitcoin's price could reach $114,000 this month. Another analyst supports this bullish outlook, projecting a target of $71,000 for Bitcoin. Currently, Bitcoin is trading at $67,856, showing a 1.3% increase in the past 24 hours.
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