Bitcoin Candle Formation May Point to $50,000 Possibility in Coming Years | NewsBTC
One analyst is now explaining that Bitcoin (BTC) is forming its fourth monthly Doji candle, which is a sign of uncertainty that typically precedes bull runs.
Bitcoin and the aggregated crypto markets have been able to extend the upwards momentum that they have incurred over the past several days, which has allowed BTC to put some distance between its current prices and its recent lows of $9,100.
Importantly, one analyst is now explaining that Bitcoin is forming its fourth monthly “Doji candle,” which is a sign of uncertainty; historically, the formation of several Doji candles precedes massive bull runs.
Source of shared Link
