The top cryptocurrency Bitcoin is performing exceptionally with its recent surge in the market. Recent changes in the BTCUSD market structure appear to suggest that an uptrend could be on the horizon. To sum up, an uptrend is a series of higher highs and higher lows and this is where Bitcoin currently resides. The Merriam-Webster dictionary defines uptrend as an upward tilt in economic activity or business. As of March 31, 2023, BTC has been setting a repeatable sequence of higher highs and higher lows and therefore, is showing signs of a new uptrend. This uptrend is supported by many Technical Analysts which is why many are now predicting that the trend is here to stay for a long time. As of present, Bitcoin is trading just under $30,000 and is gaining attention from many investors as it draws closer to its all-time high price. As of now, indicates are suggesting thatBitcoin could be on the verge of a new bull market run.
Sarah Walker
- 2023-04-01
Bitcoin on the Verge of a New Bull Market Run
Bitcoin is currently showing signs of an uptrend, specifically with its higher highs and higher lows. Many Technical Analysts support this and as of March 31, 2021, BTC is trading just under $30,000 and closer to its all-time high price.
