Bitcoin Trader Insists The Bull Market is Not Over Despite Recent Pullbacks
- Bitcoin trader known as “Titan of Crypto” has stated that the bull market is not over.
- The trader used data from the BTC/USD daily chart to show there is still momentum in the Bitcoin uptrend.
- Bitcoin broke below significant support early this week, dropping below the critical $60,000 level.
A famous Bitcoin trader identified as Titan of Crypto on X has stated that the bull market is not over. In a recent post, the renowned trader used data from the BTC/USD daily chart to show there is still some momentum in the Bitcoin uptrend amid several calls for the beginning of a bear market from some crypto users.
#Bitcoin Bull Market is NOT OVER.
— Titan of Crypto (@Washigorira) May 1, 2024
Pi Cycle Top is far from signaling a cycle top.
Many are already calling for the beginning of a bear market…
At least wait for the MA111to crossover the MA305*2
. pic.twitter.com/GMaGgzlMdx
Titan of Crypto’s post comprised a screenshot of the BTC/USD daily chart with a pair of moving average indicators superimposed on the chart. He identified the indicators as MA111 and MA350*2.
In his analysis, the trader spotted a couple of significant areas on the chart where BTC …
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