• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
Breaking News: Bitcoin Price Retests $27K Following Fed Rate Decision
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: Bitcoin Price Retests $27K Following Fed Rate Decision
bitcoin flash rally pump explosive explosion

Why Bitcoin Could Explode To $40,000 Per Coin In A Flash

Tony "The Bull" by Tony "The Bull"
1 week ago
in BTC
Reading Time: 3 mins read
Advertisement

Bitcoin price is trading at $24,000 at the moment, and only recently held a retest of $20,000. Yet within weeks, Bitcoin price could double to more than $40,000 in a flash. 

Here is a closer look at the technical combination that has in the past had a near-perfect track record of signaling the start of the strongest bull trends in crypto history. 

BTCUSD Signal Is Back That Leads To Explosive Move

Markets are cyclical and history is said to rhyme. Each cycle in BTCUSD has played out slightly differently, but they’ve almost all begun with the same flash bang setup that resulted in an explosive move, followed by a sustained rally. 

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

That particular setup involves a combination of the logarithmic moving average convergence divergence indicator (LMACD) and the Bollinger Bands on the 3-week timeframe. 

Related Reading: Calm Before The Storm? 7,000% ROI Bitcoin Signal Resurfaces

In the past, this particular setup has always resulted in Bitcoin price at least doubling, even tripling, in an a matter of days to weeks. The combination of the two technical tools generates the signal when BTCUSD passes above the middle-line on the Bollinger Bands, and when the red trigger passes above the dashed middle line on the LMACD. 

This setup is back for only the fourth time in Bitcoin price history, with time is on its side according to cyclical behavior. The signal each time confirmed the bottom was in, and started a massive move higher.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?

bitcoin BTCUSD_2023-03-15_11-46-12

The indicator combo is about to trigger a buy signal | BTCUSD on TradingView.com

Why Bitcoin Price Could Double In Less Than Six Weeks

Each time the signal fired and BTCUSD closed above the middle-line on the Bollinger Bands. This confirmation caused price to rally to the upper band over the next 3-6 weeks, resulting an on average a 118% return.

In 2013, after the signal triggered, Bitcoin immediately rallied 139% to the upper band, then continued another 19,000% higher.

The second signal in 2015 saw the weakest initial rally with 76% ROI after making it above the middle-line – which on the Bollinger Bands is a 20-period simple moving average. The full rally resulted in more than 7,000% in gains.

Related Reading: Bitcoin Breaking Above $26K Could Cancel Crypto Winter

In 2019, BTCUSD pumped another 139%, then added another 1,000% before the bull run fizzled out. Now the signal is back, and the upper Bollinger Band is located at roughly $40,000 per BTC, or around double from here and the recent retest of $20,000.

Historical data suggests that the top cryptocurrency by market cap could see a strong move soon, with as much as 118% on average initially. The average across the three rallies that followed, rounds out to roughly 9,000% on average.

Much of the gains were during the early days of crypto, so don’t expect anything that significant. But the math is what it is, and although past performance is not a guarantee of future results, the probability of an explosive move becomes much higher once the signal confirms.

Follow @TonyTheBullBTC on Twitter or join the TonyTradesBTC Telegram for exclusive daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice. Featured image from iStockPhoto, Charts from TradingView.com
Tags: bitcoinbtcbtcusdBTCUSDTcryptoxbtxbtusd
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Tony "The Bull"

Tony "The Bull"

Tony "The Bull" is a level 3 CMT student (passed level 1 & 2), technical analyst, Bitcoin supporter, and avid speculator. Tony is deeply fascinated by core market principles such as Elliott Wave Theory as they tie into mathematics like Fibonacci ratios. Market timing though DeMark indicators, Ichimoku, Gann tools, or Hurst Cycle Theory are also of key interest. Tony provides completely original content driven by exclusive, independent research. For more insights and education from Tony, check him out on Twitter or in his free TonyTradesBTC Telegram channel. Follow @TonyTheBull on Twitter and search CoinChartist on YouTube.

Related Posts

Bitcoin

Bitcoin Price Trims Losses But Remains In Range, What Could Trigger Fresh Rally

1 day ago
Bitcoin

Bitcoin Price Corrects But Uptrend Is Still Intact and BTC Could Rally Again

2 days ago
Bitcoin Price Retests $27K Following Fed Rate Decision

Bitcoin Price Retests $27K Following Fed Rate Decision

3 days ago
Bitcoin

Bitcoin Price Looks Ready For Another Leg Higher Over $28.5K

3 days ago
bitcoin bullish bottom rsi

This Bullish Bitcoin Technical Signal Suggests The Bottom Is In

4 days ago
Bitcoin

Bitcoin Bulls Take Break, What Could Trigger A Downside Correction

4 days ago

Premium Partners

Play Finance

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

IBC Group Incubates Chirpley, Pioneering a New Era of Digital Marketing with Nano-Micro Influencer Marketplace

March 25, 2023

In the journey from Web2 to Web3, Ethereum (ETH) and RenQ Finance (RENQ) play a significant role; here’s why!

March 25, 2023

Whatever Happened To Bitcoin Cash? – Learn Why Avorak AI and Other AI Crypto Are Surging

March 24, 2023

Avalanche Price Prediction: are AVAX and TOADS ready to 10X?

March 24, 2023

Litecoin (LTC) and Dogecoin (DOGE) Drowning in Controversy While TMS Network (TMSN) Steals the Show

March 24, 2023

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Links

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games
  • Free Spins
  • Play Finance

© 2022 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.