{"id":631940,"date":"2024-07-28T16:00:43","date_gmt":"2024-07-28T16:00:43","guid":{"rendered":"https:\/\/wncen.com\/?p=631940"},"modified":"2024-07-28T10:53:02","modified_gmt":"2024-07-28T10:53:02","slug":"technical-indicators-show-strong-bitcoin-bullishness-new-ath-on-the-horizon","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/technical-indicators-show-strong-bitcoin-bullishness-new-ath-on-the-horizon\/","title":{"rendered":"Technical Indicators Show Strong Bitcoin Bullishness &#8211; New ATH On The Horizon?"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Bitcoin has definitely <\/span><a href=\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-is-headed-for-260000\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">performed on the bullish side <\/span><\/a><span style=\"font-weight: 400\">for the past three weeks. Many investors are now convinced of the full return of <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-2024-us-senator-fights-to-bring-crypto-back-into-the-communities\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">bullish price a<\/span><\/a><span style=\"font-weight: 400\">ctions, and various technical indicators support this surge in optimism. One such indicator is the hash ribbon, which highlights a positive price momentum for Bitcoin. <\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/solana-set-for-900-rally-with-breakout-from-this-pattern-analyst\/\" target=\"_blank\" rel=\"noopener \">Solana Set For 900% Rally With Breakout From This Pattern \u2014 Analyst<\/a><\/div>\n<p><span style=\"font-weight: 400\">The hash ribbon provides a compelling view of on-chain activity by tracking the behavior of miners, who are known to have a direct influence on the cryptocurrency&#8217;s price.<\/span><\/p>\n<h2><b>Price Momentum Flips Positive<\/b><\/h2>\n<p><span style=\"font-weight: 400\">Crypto analyst Ali Martinez <\/span><a href=\"https:\/\/x.com\/ali_charts\/status\/78523141\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">highlighted <\/span><\/a><span style=\"font-weight: 400\">an intriguing phenomenon with the hash ribbon indicator on social media platform X. As noted by the analyst, the hash ribbon is signaling the end of miner capitulation, which suggests that the BTC price momentum has shifted from negative to positive.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The hash ribbon indicator analyzes Bitcoin&#8217;s hash rate using the 30-day and 60-day moving averages to gauge miner activity and network health. When the 30-day moving average drops below the 60-day, it indicates miner capitulation; when it crosses back above, it signals recovery and potential bullish price action. <\/span><\/p>\n<p><span style=\"font-weight: 400\">As shown by the price chart below, the last miner capitulation began on June 17 after the 30-day moving average crossed below the 60-day moving average. Recent market dynamics have seen the 30-day moving average crossing back up, suggesting that miners are now at a bullish outlook.\u00a0<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-631941\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/a_c0d580.png?resize=551%2C238\" alt=\"\" width=\"551\" height=\"238\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/a_c0d580.png?w=551 551w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/a_c0d580.png?w=460 460w\" sizes=\"auto, (max-width: 551px) 100vw, 551px\"><\/p>\n<p><span style=\"font-weight: 400\">Bitcoin miners have faced challenges since the April 2024 halving, which reduced their daily revenue<\/span><a href=\"https:\/\/ycharts.com\/indicators\/bitcoin_miners_revenue_per_day#:~:text=Bitcoin%20Miners%20Revenue%20Per%20Day%20is%20at%20a%20current%20level,31.96%25%20from%20one%20year%20ago.\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\"> from an average<\/span><\/a><span style=\"font-weight: 400\"> of $70 million pre-halving to $30 million post-halving. This revenue drop forced many miners to sell their BTC holdings to cover operational costs. However, recent data indicates that miner capitulation <\/span><a href=\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-mining-giant-100-million\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">may be nearing its end<\/span><\/a><span style=\"font-weight: 400\">, as increased activity on the Bitcoin network pushed daily miner revenue back above $40 million.<\/span><\/p>\n<figure style=\"width: 1835px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.tradingview.com\/x\/p9vMOrlC\/\" width=\"1835\" height=\"883\"><figcaption class=\"wp-caption-text\">Bitcoin is now trading at $67,492. Chart: <a href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<h2><strong>Positive Bitcoin Comments Reach Highest Level In 16 Months<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">Still in the spirit of bullishness, crypto on-chain intelligence platform Santiment noted Bitcoin&#8217;s bullishness among market participants is now at its peak. Santiment&#8217;s data reveals that the ratio of positive versus negative comments about BTC on social media has surged to its highest level since March 2023 as investors become increasingly optimistic about a new all-time high.<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-631942\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/a_5f858f.png?resize=503%2C214\" alt=\"\" width=\"503\" height=\"214\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/a_5f858f.png?w=503 503w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/a_5f858f.png?w=460 460w\" sizes=\"auto, (max-width: 503px) 100vw, 503px\"><\/p>\n<p><span style=\"font-weight: 400\">This surge in positive sentiment can be attributed mainly to the favorable mentions of Bitcoin at the recently concluded Bitcoin conference. During the conference, Republican presidential candidate Robert F. Kennedy Jr. <\/span><a href=\"https:\/\/bitcoinist.com\/rfk-urges-us-to-hold-4-million-bitcoin-reserve\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">reiterated his bullish<\/span><\/a><span style=\"font-weight: 400\"> stance on Bitcoin. <\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/bitcoin-supply-drop-signals-upbeat-price-movement-analyst-says\/\" target=\"_blank\" rel=\"noopener \">Bitcoin Supply Drop Signals Upbeat Price Movement, Analyst Says<\/a><\/div>\n<p><span style=\"font-weight: 400\">Additionally, former president and current Republican nominee Donald Trump altered his previous stance on Bitcoin and expressed support for the cryptocurrency. Trump also <\/span><a href=\"https:\/\/x.com\/CollinRugg\/status\/55500999\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">promised to fire<\/span><\/a><span style=\"font-weight: 400\"> SEC Chairman Gary Gensler, who is known for his very strict approach towards Bitcoin and other cryptocurrencies, if elected president.\u00a0\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The combination of political support and positive sentiment on social media has fueled mentions of Bitcoin reaching a new all-time high in August. At the time of writing, Bitcoin is trading at $67,500.<\/span><\/p>\n<p><em>Featured image from Vecteezy, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin has definitely performed on the bullish side for the past three weeks. Many investors are now convinced of the full return of bullish price actions, and various technical indicators support this surge in optimism. One such indicator is the hash ribbon, which highlights a positive price momentum for Bitcoin. Related Reading: Solana Set For 900% Rally With Breakout From This Pattern \u2014 Analyst The hash ribbon provides a compelling view of on-chain activity by tracking the behavior of miners, who are known to have a direct influence on the cryptocurrency&#8217;s price. Price Momentum Flips Positive Crypto analyst Ali Martinez highlighted an intriguing phenomenon with the hash ribbon indicator on social media platform X. As noted by the analyst, the hash ribbon is signaling the end of miner capitulation, which suggests that the BTC price momentum has shifted from negative to positive.\u00a0 The hash ribbon indicator analyzes Bitcoin&#8217;s hash rate using the 30-day and 60-day moving averages to gauge miner activity and network health. When the 30-day moving average drops below the 60-day, it indicates miner capitulation; when it crosses back above, it signals recovery and potential bullish price action. As shown by the price chart below, the last miner capitulation began on June 17 after the 30-day moving average crossed below the 60-day moving average. Recent market dynamics have seen the 30-day moving average crossing back up, suggesting that miners are now at a bullish outlook.\u00a0 Bitcoin miners have faced challenges since the April 2024 halving, which reduced their daily revenue from an average of $70 million pre-halving to $30 million post-halving. This revenue drop forced many miners to sell their BTC holdings to cover operational costs. However, recent data indicates that miner capitulation may be nearing its end, as increased activity on the Bitcoin network pushed daily miner revenue back above $40 million. Positive Bitcoin Comments Reach Highest Level In 16 Months Still in the spirit of bullishness, crypto on-chain intelligence platform Santiment noted Bitcoin&#8217;s bullishness among market participants is now at its peak. Santiment&#8217;s data reveals that the ratio of positive versus negative comments about BTC on social media has surged to its highest level since March 2023 as investors become increasingly optimistic about a new all-time high. This surge in positive sentiment can be attributed mainly to the favorable mentions of Bitcoin at the recently concluded Bitcoin conference. During the conference, Republican presidential candidate Robert F. Kennedy Jr. reiterated his bullish stance on Bitcoin. Related Reading: Bitcoin Supply Drop Signals Upbeat Price Movement, Analyst Says Additionally, former president and current Republican nominee Donald Trump altered his previous stance on Bitcoin and expressed support for the cryptocurrency. Trump also promised to fire SEC Chairman Gary Gensler, who is known for his very strict approach towards Bitcoin and other cryptocurrencies, if elected president.\u00a0\u00a0\u00a0 The combination of political support and positive sentiment on social media has fueled mentions of Bitcoin reaching a new all-time high in August. At the time of writing, Bitcoin is trading at $67,500. Featured image from Vecteezy, chart from TradingView<\/p>\n","protected":false},"author":594,"featured_media":631944,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119,1144,6664,4735,3505],"class_list":["post-631940","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-btcusd","tag-crypto","tag-price-action","tag-price-analysis"],"acf":[],"yoast_head":"\n<title>Technical Indicators Show Strong Bitcoin Bullishness<\/title>\n<meta name=\"description\" content=\"Bitcoin has definitely performed on the bullish side for the past three weeks. Many investors are now convinced of the full return of bullish price\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/technical-indicators-show-strong-bitcoin-bullishness-new-ath-on-the-horizon\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Technical Indicators Show Strong Bitcoin Bullishness\" \/>\n<meta property=\"og:description\" content=\"Bitcoin has definitely performed on the bullish side for the past three weeks. Many investors are now convinced of the full return of bullish price\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/technical-indicators-show-strong-bitcoin-bullishness-new-ath-on-the-horizon\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-28T16:00:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-28T10:53:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/a_9bb26c.jpg?fit=1470%2C980\" \/>\n\t<meta property=\"og:image:width\" content=\"1470\" \/>\n\t<meta property=\"og:image:height\" content=\"980\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Matherson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/MathersonScott\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Scott Matherson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/technical-indicators-show-strong-bitcoin-bullishness-new-ath-on-the-horizon\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/technical-indicators-show-strong-bitcoin-bullishness-new-ath-on-the-horizon\/\"},\"author\":{\"name\":\"Scott Matherson\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d\"},\"headline\":\"Technical Indicators Show Strong Bitcoin Bullishness &#8211; New ATH On The Horizon?\",\"datePublished\":\"2024-07-28T16:00:43+00:00\",\"dateModified\":\"2024-07-28T10:53:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/technical-indicators-show-strong-bitcoin-bullishness-new-ath-on-the-horizon\/\"},\"wordCount\":525,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/technical-indicators-show-strong-bitcoin-bullishness-new-ath-on-the-horizon\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/a_9bb26c.jpg?fit=1470%2C980\",\"keywords\":[\"bitcoin\",\"btc\",\"btcusd\",\"crypto\",\"Price action\",\"price analysis\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/technical-indicators-show-strong-bitcoin-bullishness-new-ath-on-the-horizon\/\",\"url\":\"https:\/\/wncen.com\/news\/technical-indicators-show-strong-bitcoin-bullishness-new-ath-on-the-horizon\/\",\"name\":\"Technical Indicators Show Strong Bitcoin Bullishness\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/technical-indicators-show-strong-bitcoin-bullishness-new-ath-on-the-horizon\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/technical-indicators-show-strong-bitcoin-bullishness-new-ath-on-the-horizon\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/a_9bb26c.jpg?fit=1470%2C980\",\"datePublished\":\"2024-07-28T16:00:43+00:00\",\"dateModified\":\"2024-07-28T10:53:02+00:00\",\"description\":\"Bitcoin has definitely performed on the bullish side for the past three weeks. Many investors are now convinced of the full return of bullish price\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/technical-indicators-show-strong-bitcoin-bullishness-new-ath-on-the-horizon\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/technical-indicators-show-strong-bitcoin-bullishness-new-ath-on-the-horizon\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/technical-indicators-show-strong-bitcoin-bullishness-new-ath-on-the-horizon\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/a_9bb26c.jpg?fit=1470%2C980\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/a_9bb26c.jpg?fit=1470%2C980\",\"width\":1470,\"height\":980,\"caption\":\"Bitcoin\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/technical-indicators-show-strong-bitcoin-bullishness-new-ath-on-the-horizon\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Technical Indicators Show Strong Bitcoin Bullishness &#8211; New ATH On The Horizon?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d\",\"name\":\"Scott Matherson\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g\",\"caption\":\"Scott Matherson\"},\"description\":\"Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.\",\"sameAs\":[\"https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott\"],\"url\":\"https:\/\/wncen.com\/author\/mathersonscott1\/\"}]}<\/script>\n","yoast_head_json":{"title":"Technical Indicators Show Strong Bitcoin Bullishness","description":"Bitcoin has definitely performed on the bullish side for the past three weeks. Many investors are now convinced of the full return of bullish price","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/technical-indicators-show-strong-bitcoin-bullishness-new-ath-on-the-horizon\/","og_locale":"en_US","og_type":"article","og_title":"Technical Indicators Show Strong Bitcoin Bullishness","og_description":"Bitcoin has definitely performed on the bullish side for the past three weeks. Many investors are now convinced of the full return of bullish price","og_url":"https:\/\/wncen.com\/news\/technical-indicators-show-strong-bitcoin-bullishness-new-ath-on-the-horizon\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-07-28T16:00:43+00:00","article_modified_time":"2024-07-28T10:53:02+00:00","og_image":[{"width":1470,"height":980,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/a_9bb26c.jpg?fit=1470%2C980","type":"image\/jpeg"}],"author":"Scott Matherson","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/MathersonScott","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Scott Matherson","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/technical-indicators-show-strong-bitcoin-bullishness-new-ath-on-the-horizon\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/technical-indicators-show-strong-bitcoin-bullishness-new-ath-on-the-horizon\/"},"author":{"name":"Scott Matherson","@id":"https:\/\/wncen.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d"},"headline":"Technical Indicators Show Strong Bitcoin Bullishness &#8211; New ATH On The Horizon?","datePublished":"2024-07-28T16:00:43+00:00","dateModified":"2024-07-28T10:53:02+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/technical-indicators-show-strong-bitcoin-bullishness-new-ath-on-the-horizon\/"},"wordCount":525,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/technical-indicators-show-strong-bitcoin-bullishness-new-ath-on-the-horizon\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/a_9bb26c.jpg?fit=1470%2C980","keywords":["bitcoin","btc","btcusd","crypto","Price action","price analysis"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/technical-indicators-show-strong-bitcoin-bullishness-new-ath-on-the-horizon\/","url":"https:\/\/wncen.com\/news\/technical-indicators-show-strong-bitcoin-bullishness-new-ath-on-the-horizon\/","name":"Technical Indicators Show Strong Bitcoin Bullishness","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/technical-indicators-show-strong-bitcoin-bullishness-new-ath-on-the-horizon\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/technical-indicators-show-strong-bitcoin-bullishness-new-ath-on-the-horizon\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/a_9bb26c.jpg?fit=1470%2C980","datePublished":"2024-07-28T16:00:43+00:00","dateModified":"2024-07-28T10:53:02+00:00","description":"Bitcoin has definitely performed on the bullish side for the past three weeks. Many investors are now convinced of the full return of bullish price","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/technical-indicators-show-strong-bitcoin-bullishness-new-ath-on-the-horizon\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/technical-indicators-show-strong-bitcoin-bullishness-new-ath-on-the-horizon\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/technical-indicators-show-strong-bitcoin-bullishness-new-ath-on-the-horizon\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/a_9bb26c.jpg?fit=1470%2C980","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/a_9bb26c.jpg?fit=1470%2C980","width":1470,"height":980,"caption":"Bitcoin"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/technical-indicators-show-strong-bitcoin-bullishness-new-ath-on-the-horizon\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Technical Indicators Show Strong Bitcoin Bullishness &#8211; New ATH On The Horizon?"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d","name":"Scott Matherson","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","caption":"Scott Matherson"},"description":"Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Technical Indicators Show Strong Bitcoin Bullishness &#8211; New ATH On The Horizon?","url":"http:\/\/wncen.com\/news\/technical-indicators-show-strong-bitcoin-bullishness-new-ath-on-the-horizon\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/technical-indicators-show-strong-bitcoin-bullishness-new-ath-on-the-horizon\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/a_9bb26c.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/a_9bb26c.jpg?fit=1470%2C980"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","btcusd","crypto","price action","price analysis"],"dateCreated":"2024-07-28T16:00:43Z","datePublished":"2024-07-28T16:00:43Z","dateModified":"2024-07-28T16:00:43Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Technical Indicators Show Strong Bitcoin Bullishness &#8211; New ATH On The Horizon?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/technical-indicators-show-strong-bitcoin-bullishness-new-ath-on-the-horizon\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/technical-indicators-show-strong-bitcoin-bullishness-new-ath-on-the-horizon\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/a_9bb26c.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/a_9bb26c.jpg?fit=1470%2C980\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"btcusd\",\"crypto\",\"price action\",\"price analysis\"],\"dateCreated\":\"2024-07-28T16:00:43Z\",\"datePublished\":\"2024-07-28T16:00:43Z\",\"dateModified\":\"2024-07-28T16:00:43Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/07\/a_9bb26c.jpg?fit=1470%2C980","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/631940","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=631940"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/631940\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/631944"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=631940"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=631940"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=631940"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}