{"id":558279,"date":"2023-10-30T15:59:06","date_gmt":"2023-10-30T15:59:06","guid":{"rendered":"https:\/\/wncen.com\/?p=558279"},"modified":"2024-10-26T19:34:33","modified_gmt":"2024-10-26T19:34:33","slug":"this-chart-makes-it-clear-bitcoin-is-bullish","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/this-chart-makes-it-clear-bitcoin-is-bullish\/","title":{"rendered":"This Chart Makes It Clear: Bitcoin Is Bullish"},"content":{"rendered":"
When Bitcoin price action is sideways and directionless for the better part of a year, bulls and bears argue over which direction will be ultimately chosen.<\/p>\n
However, considering macro conditions like rising interest rates, a sinking stock market, and mounting ting debt, bears aren\u2019t ready to throw in the towel. But they might want to after seeing this chart.<\/p>\n
Bitcoin Price Chooses A Direction: Up And Away<\/h2>\n
Bitcoin and other cryptocurrencies are normally notoriously volatile. But volatility has dwindled to next to nothing since the FTX collapse struck.<\/p>\n
Few have been willing to take the risk on BTC and altcoins while macro conditions are this on the edge of collapse. It resulted in a big move off the bottom, but also more than six months of consolidation and confusion.<\/p>\n