{"id":652557,"date":"2024-11-11T16:30:02","date_gmt":"2024-11-11T16:30:02","guid":{"rendered":"https:\/\/wncen.com\/?p=652557"},"modified":"2024-11-12T04:45:05","modified_gmt":"2024-11-12T04:45:05","slug":"bitcoin-price-signals-bullish","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-price-signals-bullish\/","title":{"rendered":"Bitcoin Price Signals Bullish Continuation With SuperTrend Rising, Here’s The Next Target After Beating $81,000"},"content":{"rendered":"
The Bitcoin price trajectory has been nothing short of impressive since the beginning of November. Notably, Bitcoin has been up by about 20.8% from its November low of $67,690, which has allowed it to break into new all-time highs successively. Interestingly, technical analysis of the Bitcoin price suggests <\/span>this uptrend isn’t stopping soon<\/span><\/a>, and Bitcoin holders <\/span>can continue to expect gains<\/span><\/a> as the year draws to a close.<\/span><\/p>\n According to crypto analyst Tony “The Bull” Severino, CMT, the SuperTrend indicator is now pointing to a bullish continuation for the Bitcoin price. What’s more intriguing is the fact that this marks the first time the indicator is rising after 34 weeks of sideways movement.<\/span><\/p>\n Crypto analyst Tony “The Bull” Severino has added further weight to this positive outlook surrounding the Bitcoin price. According <\/span>to his analysis, <\/span><\/a>the recent bullish price action has seen the SuperTrend indicator, an indicator often used to gauge market direction, trending upwards for Bitcoin on the weekly timeframe.\u00a0<\/span><\/p>\n Interestingly, technical analysis of the Bitcoin price chart on the weekly candlestick timeframe shows that the SuperTrend indicator had been moving horizontally since March 2024 up until recently. Throughout this period, the indicator held steady despite volatility, even during Bitcoin’s downward spike in August, when Bitcoin dipped to $49,600. Even then, Bitcoin managed to recover, finding support on the weekly SuperTrend line.<\/span><\/p>\nSuperTrend Indicator Points To Bullish Continuation<\/h2>\n