{"id":424038,"date":"2020-05-15T20:00:46","date_gmt":"2020-05-15T20:00:46","guid":{"rendered":"https:\/\/wncen.com\/?p=424038"},"modified":"2020-05-15T15:50:40","modified_gmt":"2020-05-15T15:50:40","slug":"chartered-market-technician-claims-crypto-poised-for-strong-uptrend","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/chartered-market-technician-claims-crypto-poised-for-strong-uptrend\/","title":{"rendered":"Chartered Market Technician Claims Crypto Poised For Strong Uptrend"},"content":{"rendered":"
The Bitcoin<\/a> halving has now passed, and crypto investors everywhere are gearing up for the next bull market.<\/p>\n According to a chartered market technician, a new uptrend forming isn’t just speculation and hype. The analyst claims while it may not happen “overnight” another leg up and a “strong uptrend period” will soon occur in Bitcoin.<\/p>\n Bitcoin<\/a> has been in a secular bull market for most of its existence. After the asset broke out from its first extended downtrend, it climbed to $20,000.<\/p>\n Along the way, it ignited a strong interest in other crypto assets called altcoins. These altcoins, like Ethereum, Ripple, Litecoin, and many others, exploded in value and reached irrational prices due to retail FOMO.<\/p>\n Related Reading | Stimulus Checked: Here\u2019s The ROI on a $1,200 Investment in Top Crypto Assets<\/a><\/strong><\/em><\/p>\n The bubble popped, Bitcoin<\/a> and altcoins collapsed, and the downtrend cycle repeated.<\/p>\n Bitcoin continues to contend with critical resistance above $10,000 and it is keeping the overall crypto market at bay.<\/p>\n However, according to a chartered market technician with over 15 years of experience in classical technical analysis the rally crypto investors are waiting for will soon be here.<\/p>\n A very strong trend period is approaching on #BTCUSD<\/a> This is a monthly scale price chart so don't expect miracles overnight, but the long-term trend remains up and can have another leg up. #cryptocurrency<\/a> #Bitcoin<\/a> pic.twitter.com\/lJTneyCa15<\/a><\/p>\n — Aksel Kibar, CMT (@TechCharts) May 15, 2020<\/a><\/p><\/blockquote>\nWhen Will the Next Crypto Bull Market Begin?<\/h2>\n
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