{"id":387457,"date":"2019-06-25T20:00:03","date_gmt":"2019-06-25T20:00:03","guid":{"rendered":"https:\/\/uniquehot.com\/?p=387457"},"modified":"2019-06-25T18:45:01","modified_gmt":"2019-06-25T18:45:01","slug":"bitcoin-price-chart-monthly-candle-pattern-shows-strongest-trend-reversal-ever","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-price-chart-monthly-candle-pattern-shows-strongest-trend-reversal-ever\/","title":{"rendered":"Bitcoin Price Chart: Monthly Candle Pattern Shows Strongest Trend Reversal Ever"},"content":{"rendered":"

Bitcoin price<\/a> is once again making headlines on mainstream media outlets, revisiting once forgotten memories of the crypto bubble of 2017, where Bitcoin\u2019s meteoric rise captured the interest of the world and took it to its all-time high of $20,000.<\/p>\n

Just this past week, $10,000 was reclaimed by Bitcoin<\/a> – a price point that last time around created widespread FOMO and caused investors to flock to this space.<\/p>\n

After the new level was taken, the monthly Bitcoin price chart is forming a \u201cthree white soldiers\u201d candlestick formation that typically signals in financial assets a strong reversal. But Bitcoin isn\u2019t any regular financial asset, and Bitcoin\u2019s trend reversal may be the strongest ever witnessed by humankind, according to one crypto analyst.<\/p>\n

Crypto Analyst: Bitcoin Price Bear Market Trend Reversal Is Strongest In Human History<\/h2>\n
Many people know by now that Bitcoin is the fastest rising asset in human history, with no other asset providing investors with more profits had they bought in at its inception than the first ever cryptocurrency. Everyone always wishes they bought more \u2013 even buying consistently through dollar cost averaging since the Bitcoin top would have led investors to profit.<\/p>\n
Related Reading | Tom Lee: Bitcoin Price Nearing FOMO Trigger, BTC To Trade Between $20K and $40K\u00a0<\/a><\/strong><\/em><\/p>\n
But it’s also capable of extreme price crashes with each subsequent “bubble” pop, eliminating as much as 85%+ in value each time it happens. Each time it’s also pronounced dead, but makes a triumphant comeback that ultimate draws in more investors than the previous cycle.<\/p>\n
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After such a brutal bear market, that some believe included an over-correction below $6,000 to extreme lows and fear, an incredibly powerful reversal has occurred. Bitcoin, from its deepest, darkest lows, has surged over 250%, reclaimed important price levels such as $10,000 and is already setting its sights on reclaiming its previous all-time high \u2013 a price it’s already regained as much as 75% of in the recent months.<\/p>\n
Related Reading | Crypto Analyst: After $10,000, Bitcoin Price Will Never Again Trade at Four Digits<\/a>\u00a0<\/strong><\/em><\/p>\n
As the leading crypto asset by market cap shows no signs of stopping, if the current monthly candle closes in the green, Bitcoin will have printed a bullish chart pattern setup called “three white soldiers,” and one crypto analyst calls this and Bitcoin’s powerful rebound the “strongest trend reversal of an asset [the] human race has ever experienced,” and it may only just be getting started if the candle structure closes with a clean three white soldiers.<\/p>\n
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This is probably the strongest trend reversal of an asset human race has ever experienced and it's just getting started. #bitcoin<\/a> pic.twitter.com\/GCm8JSATv6<\/a><\/p>\n
— Galaxy (@galaxyBTC) June 25, 2019<\/a><\/p><\/blockquote>\n