Evidence Shows This Could Be the Start of Bitcoin’s (BTC) Bull Run

According to Twitter user @el_crypto_prof, who goes by the name Moustache, the window for accumulating Bitcoin at lower prices has likely closed.

In a recent tweet, Moustache stated that based on his technical chart analysis from over a month ago, Bitcoin has now left what he calls the “yellow zone” between $25,000 and $31,000.

This sideways trading range signified a period of accumulation, but Moustache says Bitcoin breaching above it signals “the end of accumulation and the start of the bull run.”

With Bitcoin’s price presently around $34,000, his analysis suggests the days of buying Bitcoin at under $31k are over. Moustache closed his tweet by wishing “good luck to all those who have used the last few years to accumulate” the cryptocurrency.

Read also:

So for investors hoping to buy Bitcoin at cheaper prices, the opportunity may have passed. Moustache’s technical analysis indicates the market has shifted to an uptrend, meaning further discounts are unlikely.

We recommend eToro

74% of retail CFD accounts lose money.
Active user community and social features like news feeds, chats for specific coins available for trading.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy thetrades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.

CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com


Vignesh Karunanidhi
Vignesh Karunanidhi

Seasoned crypto writer with deep passion for blockchain and cryptocurrency