With Bitcoin’s (BTC) bull run seemingly on course, a crypto trading expert has highlighted that investors should prepare for further gains based on historical patterns.
According to the analyst with the pseudonym Mags, in an X post on July 19, Bitcoin’s historical price movements and technical indicators are aligning in a way that suggests a legendary rally is in the offing.
One of the key observations from Mags’ analysis is the recurring pattern of sideways movement following Bitcoin’s halving events. Notably, Bitcoin trades sideways after each halving for several months, characterized by relatively stable prices with minimal upward or downward movements.
This sideways phase has historically been the final opportunity for investors to accumulate Bitcoin at lower prices before the onset of a major bull run.
Another critical aspect of Mags‘ analysis focuses on the Relative Strength Index (RSI), a momentum oscillator that measures the speed and change of price move
We współpracy z: https://finbold.com/this-indicator-hints-bitcoins-next-bull-cycle-phase-will-be-legendary/
