Markets
Top Trader Says Bitcoin’s ‘God’s Candle’ Is Charging, Predicts BTC Will Catch Up With Stock Market Rallies
An analyst who continues to build a following with timely calls on cryptocurrencies believes Bitcoin’s time has come (BTC) to follow in the footsteps of the rising stock market.
Over the weekend, pseudonymous analyst Bluntz counted its 265,000 followers on social media platform X that Bitcoin was poised to start a rally towards new all-time highs if BTC convincingly broke above $60,000.
With BTC trading at $64,774 at the time of writing, the crypto strategist now believe that Bitcoin is ready to steal the stock market spotlight.
“Cryptocurrency wasn’t leading, it was lagging.
The great recovery begins.”
The cryptocurrency analyst also believes that BTC is gearing up for print out a “divine candle” or a huge spike in price that translates into a large candlestick pattern.
Zooming out, Bluntz suggests that Bitcoin may have bottomed out earlier this month when it fell below $55,000 and BTC bulls stepped up and accumulated the dip. According to the analyst, Bitcoin is currently displaying a hammer candlestick pattern on the monthly chart, suggesting that a recovery is underway after sellers failed to maintain momentum.
“I know there are still [15] There are days left, but damn, this BTC monthly candle is pure fire.”
Source: Bluntz/X
Over the weekend, cryptocurrency analytics firm Santiment said that Bitcoin and the rest of the cryptocurrency markets began to show signs of life after former President Donald Trump survived an assassination attempt while speaking at a rally in Pennsylvania on Saturday afternoon. According to Santiment, news of the assassination attempt may have awake Bitcoin and cryptocurrencies.
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