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Bitcoin Price Flashes Signal That Has Led To A Surge Every Time

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Bitcoin Price Flashes Signal That Has Led To A Surge Every Time - NewsBTC

Quick Summary:

Building on this technical signal, a crypto analyst has forecasted that Bitcoin could mirror historical trends and potentially surge to a new all-time high.  Bollinger Band Signal Hints At Bitcoin Price Rally A closer look at Bitcoin’s weekly chart presented by Bitcoinsensus on X (formerly Twitter) reveals a critical pattern that has only appeared four times since 2022.

The analysis shows that Bitcoin has recently touched the lower Bollinger Band on the weekly chart and bounced upward, confirming a support level that historically acted as a springboard to sustained bullish momentum.  This marks the fifth time this specific signal has occurred during this cycle.

Related Reading: Bitcoin Raging Bull Indicator Turns Back On, But This Level Holds The Key The analyst shared a BTC chart analysis highlighting a recurring breakout pattern that has historically preceded large upward moves after a breakout from a descending resistance trendline.

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-08 @ 22:00:20 (1 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 469 words

Reading Time: 3 minutes read

Sentences: 67 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 28500243

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About NewsBTC

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 7 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 9 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

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