Bitcoin approaches a “purchase opportunity”

According to a cryptocurrency analyst, this occasion comes at least once a quarter for the asset

Josh Olszewicz, renowned cryptocurrency analyst at Brave New Coin, said bitcoin is about to show a “purchase signal.”

According to the expert, this type of opportunity occurs at least once a quarter. Through a Twitter post, featuring a chart, Olszewicz says: “The digital asset is about to cross above the Ichimoku Cloud for the first time in five weeks, which could mean the price would be significantly higher. than the $ 7,167 for the moment of press time.”

On the other hand, the analyst stresses that this type of event is rare, so he assures that this makes it an opportunity to earn money with a simple “buy and hold“.

The method has been previously used to analyze bitcoin bullish trends. In 2019, the move above the red cloud marked a 250% rise in the price of btc from $ 4,000 to $ 14,000.

K. Tovar

Source: Cointelegraph

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