Bitcoin Price is Under 8-Month Moving Average After Monthly Close

over 1 year ago

Bitcoin price is under 8-Month moving average after monthly close in September. October is a good month for Bitcoin when we look at past..

8-Month moving average is good signal for longterm. Even Bitcoin price broke up this resistance at the beginning of 2023, It broke down in August. No problem.

Here you can see monthly chart of Bitcoin and see the similarities between 2019 and 2023. I circled where we are in 2019. You can predict how Bitcoin price will move..

There is monthly Fisher Indicator that reversed from the top. Even It reversed rom the top, we only need a few months to enter Bitcoin season!

We may have 6 months to enter bullish season. Here you can see Bollinger Bands in monthly chart of Bitcoin.. Bitcoin broke up the middle line of Bollinger Bands. In 2019, Bitcoin is traded on the middle line of Bollinger Bands. Bollinger Bands is getting narrower. It may take a few months to get ready for bullrun. We have not seen monthly Bollinger Bands as getting narrower..

I am very bullish for Bitcoin in next season. Bullish season may take more time than past.

I am also bullish for Hive price. Hive may have 10x more potential than Bitcoin..

We will see..

Posted Using LeoFinance Alpha

hive-167922 proofofbrain neoxian palnet cent ctp analysis bitcoin vyb leofinance

0.000

5 comments

@hivebuzz 74

over 1 year ago

Congratulations @chorock! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)

	You have been a buzzy bee and published a post every day of the week.

_{You can view your badges on your board and compare yourself to others in the Ranking}
_{If you no longer want to receive notifications, reply to this comment with the word STOP}

Check out our last posts:

	Hive Power Up Month Challenge - September 2023 Winners List
	Be ready for the October edition of the Hive Power Up Month!
	Hive Power Up Day - October 1st 2023

0.000

@pixresteemer 71

over 1 year ago

Bang, I did it again... I just rehived your post!Week 176 of my contest just started...you can now check the winners of the previous week!!LUV₂

0.000

@luvshares 58

over 1 year ago

Join in Hive General chat | Type ! help (no space) to get help on Hive. Info

Made with LUV by crrdlx

0.000

@poshthreads 74

over 1 year ago

https://leofinance.io/threads/chorock/re-chorock-5nouktos
_{The rewards earned on this comment will go directly to the people ( chorock ) sharing the post on LeoThreads,LikeTu,dBuzz.}

0.000

@toluwanispecial 68

over 1 year ago

Your analysis is always topnotch and detailed. Well, it's likely we see btc surging in the next couples of months. I'm sure Hive will get 10x more than btc as it value isn't that much yet compared to btc.

0.000