Carefully followed in the crypto currency market, Analyst Plant made important evaluations about Bitcoin’s long -term technical indicators. According to the analyst, the convergence between 200 weeks of arithmetic and geometric averages gives signals of a possible rise trend. Plant reminded that there were harsh rise in the past, where these two indicators exhibited similar behaviors. A similar technical structure at the moment indicates that a strong acceleration can be seen again in the market.
Critical approach in long -term averages
Plant, in a new statement on YouTube, 209,000 followers gave up -to -date findings on technical analysis. As one of the dynamics that can cause sudden jumps in the price of Bitcoin, 200 weeks of arithmetic and geometric averages show close to each other. According to the analyst, this may be the harbinger of a period in which the pressure pressure is reduced and the foundation of a new rise can be laid.
In the statements of PLANB, harsh rises were observed in Bitcoin when these two indicators moved parallel in the past. Especially in 2017 and 2020, similar technical structures were recorded as the initial signals of important bull markets. Analyst emphasized that the current similarity should be followed carefully, while investors suggested that they do not ignore the technical clues in the market.
Historical data offers strong signals
In the past, the moments when 200 weeks of averages come closely to the times when Bitcoin recorded serious rise. According to Plant, this is not just a coincidence. The arithmetic average, leaving the geometric average and shows a upward tendency can be a harbinger of rapid rise in prices. This technical observation is especially important for strategic positions for large investors.
Plank also states that the expansion of the distance between the two average has an opposite effect. This kind of decomposition increases volatility in the markets and makes decline scenarios more likely. In this context, the protection of the existing technical structure is considered critical in terms of market stability.
Current market view and possible scenarios
When the article was written, the price of Bitcoin was around 80,641 dollars and an increase of approximately 2 percent daily was experienced. This increase offers a picture that coincides with the technical observations of the analyst. According to PLANB, the relationship between the current price level and the position of long -term averages may suggest that the market is in a transformation phase.
Although the expectation of volatility in the short term continues, the long -term tendency pointed out by technical indicators points to a more positive picture. In particular, the increasing interest of corporate investors and the rise of confidence in the market may cause such indicators to have a greater impact.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
