From the comment that #bitcoin is ready for a strong breakout to Binance accepting Shiba Inu as collateral. Here are some outstanding news in the crypto market.
One prominent trader believes that Bitcoin has not yet achieved the majority of its gains this cycle.
In an August 3 post, Credible Crypto emphasized its bullish stance.
After more than a month of operating in a tight trading range, Bitcoin traders' patience is running thin.
Amid expectations that BTC price will test the $25,000 level or even lower, Credible Crypto is among those arguing the opposite.
Analyzing data, including Bitcoin's market capitalization dominance and relative strength index (RSI), he concluded that conditions have been reset.
“The biggest bullish moves for BTC are approaching,” the analyst summarized.
“A month of sideways BTC action and dominance creating higher lows. Bullish divergence on 12-hour timeframe confirmed, RSI on higher timeframes appears to have reset, remaining above 40”.
Additionally, CryptoCon trader flagged RSI on longer timeframes showing a similar bullish trend for BTC.
In part of his post on August 3, he said that bears have now “run out of patience.”
“Price is flat and I have never been more bullish! Just wait until we enter phase 2 on the 3-week RSI… This is an early signal of a bullish market in this phase.”
An accompanying chart shows the peaks and troughs of the RSI over the years, with current conditions reminiscent of the period before the strong breakout took place.
https://tapchibitcoin.io/tin-van-crypto-04-08-bitcoin-da-san-sang-cho-breakout-tang-gia-manh-me-moi-cung-tin-tuc-ripple-shiba-inu-etc-curve-finance-avax-the-sandbox-zkpass.html
