BTC Could Print a New Ath Soon as It Breaks Its Negative Trend
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- Crypto Rover noted in his latest analysis that BTC was in the process of breaking out a multi-day negative trend.
- The analyst revealed that BTC breaking above $27.2K may be a confirmation of a bullish trend reversal.
- At press time, BTC was trading at $27,077.08 after it gained 2.55% over the past 24 hours.
The cryptocurrency trader and analyst Crypto Rover revealed in his latest analysis that Bitcoin (BTC) is in the process of overcoming a significant negative trend line on its charts. According to the analyst, this is the first time the market leader has been able to break out of this bearish trend in the past 77 days.
Subsequently, Crypto Rover speculated that BTC’s trend may shift from bearish to bullish in the coming few weeks. He did, however, share that he is waiting for BTC to record a higher high at, or above, $27.2K before confidently entering into a long for the cryptocurrency.
Thereafter, the analyst shared that BTC breaking above $31K could be an extremely bullish signal. This may then lead to BTC recording a new all-time high (ATH), according to Crypto Rover.
From a fundament…
The post BTC Could Print a New Ath Soon as It Breaks Its Negative Trend appeared first on Coin Edition.
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