The post Bitcoin Set For Explosive Growth As BTC Enters Early Stages Of Mega Bull appeared on BitcoinEthereumNews.com.

Despite recent fluctuations in the general crypto market, Bitcoin, the flagship digital asset is showing signs of an impending major rally, possibly to a new peak, which indicates a potential positive shift in price movement to the upside. Bitcoin’s Mega Bull Run Begins To Unfold Bitcoin is reportedly set for explosive growth as the crypto asset draws closer to the much-anticipated pivotal moment that will send BTC to unprecedented heights. Market expert and trader, Ether Nasyonal identified the positive development, capturing the attention of the crypto community. According to the market expert, Bitcoin appears to be entering the early stage of a mega bull run, marking a significant moment for the crypto asset. This forecast is consistent with the rising belief that BTC is poised for a breakout, as many analysts and investors anticipate a large increase in the value of the cryptocurrency. The expert’s prognosis is based on a number of fundamental indicators and historical price trends supported by an analysis of an Elliot wave, a key technical analysis that searches for recurring price patterns in the long term connected to a continuous shift in investors’ mood. BTC is entering its mega bull stage | Source: Ether Nasyonal on X Considering these indicators and trends, Nasyonal noted that one may easily determine the direction of Bitcoin by using the November 2021 candle as a guide. He further highlighted that the candle’s upper zone is situated at $61,352, which is currently experiencing a retest, and the lower zone is at $56,955. In another X post, Nasyonal also identified an interesting pattern on the monthly chart of Bitcoin. He claims that BTC is at the early stages of a mega bull run to a new all-time high or cycle peak by observing the candlesticks on the monthly chart since 2014. Nasyonal…

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Filed under: News - @ October 10, 2024 9:19 pm