Bitcoin Capitulation Risk Rises Near $38.4K, But a Major Shift Emerges
Visit this link and make consistent profit in Binance futures trading, receive free bitcoin trading signals and Cornix trading Bot for the best automated trades – https://telegram.me/cryptosignalalert Download our free app and receive signals on your mobile – https://play.google.com/store/apps/details?id=com.freecryptosignals.app Balanced Price has historically identified deep-cycle bottoms, yet Bitcoin’s changing relationship with the metric raises a fundamental possibility. Bitcoin staged a strong rally in August, surging by almost 30%. While some believe that the bear market is over, others argue that the risk of a devastating plunge still lurks over the world’s largest crypto asset. Alphractal founder Joao Wedson said that BTC’s Balanced Price currently stands near $38,400, but historical evolution does not necessarily mean prices must return to that level. Deep Bottom Pattern The Balanced Price metric has historically been effective at identifying deep c...