Bitcoin Trading Signal Hints at an Upcoming Leap Back Above $30,000
- Largest token rose and then fell over 3% on successive days
- Analysis of past such occurrences points to short-term gains
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Bitcoin’s rally this year is facing a test as the token struggles around $30,000. A pattern buried in the coin’s recent swings suggests it could vault above that level again en route to a 7% short-term gain.
The pattern is a minimum daily jump of 3% followed by a next-day reversal of at least that magnitude during a generally bullish period for Bitcoin. The token flashed that signal over Tuesday and Wednesday.