{"id":393720,"date":"2019-08-20T18:00:46","date_gmt":"2019-08-20T18:00:46","guid":{"rendered":"https:\/\/wncen.com\/?p=393720"},"modified":"2019-08-20T15:18:12","modified_gmt":"2019-08-20T15:18:12","slug":"bitcoin-bakkt-gann-pivot-points","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-bakkt-gann-pivot-points\/","title":{"rendered":"Major Bitcoin Move Coming? Bakkt Launch Date Coincides With Gann Pivot Points"},"content":{"rendered":"

This week, the Intercontinental Exchange-owned Bakkt<\/a> announced the date it would finally launch its much-anticipated and long-awaited Bitcoin Futures trading product, and Bitcoin price responded by spiking over $400 over the course of the next few hours<\/a>, nearly reaching $11,000 before experiencing a pullback.<\/span><\/p>\n

The date Bakkt launches is already an important date for Bitcoin, considering how bullish the platform is acting as a preferred gateway for institutional investors to gain exposure to Bitcoin. However, that date is also showing important significance as a Gann pivot point<\/a> \u2013 a date in which powerful price movements or trend changes are expected according to Gann theory.<\/span><\/p>\n

Bakkt Launch Timing Lines Up With Bitcoin Gann Pivot Points<\/h2>\n

There\u2019s no denying that Bakkt will have a major impact on the Bitcoin market and Bitcoin price<\/a> as crypto investors rejoice that what the community has speculated for months will be the catalyst that ignites the next bull run is finally ready for launch. Simply confirming the launch date and CTFC approval has been enough to send Bitcoin price rallying nearly $1,000 before it was stopped short just under $11,000 last night.<\/span><\/p>\n

Related Reading | Can Ancient Math Predict the Next Bitcoin Top at $220K?<\/a><\/strong><\/em><\/p>\n

Bakkt\u2019s launch date of September 23, also has significance as an important Gann pivot point<\/a>. According to Mitoshi Kaku, a technical analyst whose analysis regularly uses trading strategies and theories popularized by W.D. Gann<\/a>, a \u201clegendary trader\u201d known for combining ancient math with astrology<\/a> to predict price swings not only by direction or target, but the time these movements would occur.<\/span><\/p>\n

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I was wondering why people were taking about Bakkt on my Gann dates and predictions updates today, lol… And I just noticed the dates. Sorry guys I don\u2019t really pay much attention to the news. Too busy time-traveling! \ud83d\ude1d\ud83d\ude02 pic.twitter.com\/O17hqsHQlv<\/a><\/p>\n

— Joe Mitoshi \ud83e\uddd1\u200d\ud83d\ude80 (@CryptoSays) August 20, 2019<\/a><\/p><\/blockquote>\n