Although Bitcoin (BTC) has declined from the psychologically important price mark of $30,000 it was trying to surpass in recent weeks, certain chart patterns suggest an uptrend is to follow, even to the possibility of peaking at unseen levels in the next two years.
Indeed, the flagship decentralized finance (DeFi) asset’s monthly accumulation indicators are “showing we are starting to trend up, according to an analysis by a pseudonymous cryptocurrency market expert, known on Twitter as Seth, posted on May 2.
Bitcoin price analysis. Source: seth_fin
Having said that, the analyst also warned that patience is warranted because:
“We are now at resistance. 20MA monthly is being tough on us. Maybe a small pullback is to come.”
As Seth suggested in an earlier tweet on a monthly Bitcoin chart with money flow, “institutions and whales accumulate here where the money flow is low because they use algos, to not [affect] prices when buying. Retail plebs will buy at the top, act as exit li
We współpracy z: https://finbold.com/bitcoin-indicators-point-to-uptrend-a-glorious-2025-in-store/
