Trader Christopher Jaszczynski has shared a chart that shows that Bitcoin is profitable in 87% of the days since 2010, while another trader says the Bitcoin (BTC) structure is on the rise.
Bitcoin (BTC) Interest is Increasing
Even institutional investors are attracting everyone’s attention as a result of the US distributing money from the air. The drop in oil prices also contributed to this at the beginning of the week.
The President of the United States is set to sign a new $484 billion in stimulus for hospitals and small businesses today.
It won't be enough and they'll have to print even more in the future.
— Pomp 🌪 (@APompliano) April 24, 2020
Meanwhile, a crypto trader shared a chart showing why Bitcoin could be considered a safe haven against traditional assets for ten years.
‘Bitcoin (BTC) Gained 87% Profit’
In his last tweet, cryptocurrency analyst and trader Christopher Jaszczynski shared a chart showing how profitable the BTC price has been at the time below $ 0.1.
87% (3,082) of 3,538 days in total are profitable
THIS IS CRAZY!!!
— MMCrypto (@MMcrypto) April 25, 2020
‘Bitcoin (BTC) Goes to $ 8,000- $ 8,200’
Trader @CryptoCapo_ thinks the BTC structure is on the uptrend. The analyst expects Bitcoin to rise to $ 8,000-8,200 after retesting the previous highs as support.
-Ltf structure is bullish (HLs and HHs)
-Htf structure remains bearish since this is another internal retracement.
First strong bullish sign would be a flip of the 10k level as support. pic.twitter.com/P6f9VSLdlF
— il Capo Of Crypto (@CryptoCapo_) April 21, 2020
Trader @ CRYPT0HULK states that BTC will not rise to $ 8,000 if Bitcoin is trapped in the $ 7,300 – $ 7,600 range.
In order for Bitcoin to reach 8 thousand dollars, it has to be out of the range of 7300-7600 dollars.
So everything is pumping on Saturday really.. #bitcoin still need to breakout from this range of $7300-$7600 for any chance to hit 8k
Stay safe n healthy peeps
— cryptohulk (@CRYPT0HULK) April 25, 2020
Will Gold Fall Soon?
These days, as much as Bitcoin, the price of gold draws attention. Trader Henrik Zeberg said he saw a Bear Flag on the GDX chart. The analyst stated that this pattern has been perceived as a massive sign of decline since 2015. Zeberg believes that gold is about to start falling out of here.
This is a MASSIVELY Bearish pattern. No question about it! #Gold can rally higher from here (yellow) or it can break from here. But there is nothing Bullish about this. And the speed by which this will be resolved…. whoa!! The resolve is for entire correctional move since 2015! pic.twitter.com/y9GutbNHs8
— Henrik Zeberg (@HenrikZeberg) April 25, 2020