Bullish Signal That Resulted In A 250% Increase In Bitcoin Is Getting Triggered Again

Bitcoin signals are usually a good way for traders to know what is coming into the market. They might not always be accurate, but they help to provide information on possible movement patterns in the market. Things like bitcoin green candles will show if the asset is going into another bull market. And usually, these indicators are used to place trades in the market. On this note, the last time that this signal was triggered, the price of BTC grew 250% following it. Related Reading | Bitcoin Dominance Down As Market Hits $2 Trillion, Altcoins Are Taking Over The bitcoin hash ribbons have always been a way to show how strong buy pressure currently is in the market. And the last time the hash ribbons pointed to strong buy pressures, the price of the digital asset experienced a massive bull run. Now, the hash ribbons are beginning to point to a strong buy signal in the market. This signal was last seen towards the end of 2020, and going into 2021, we saw the massive bull run that followed, which led to the price of bitcoin hit a new all-time high at $64K. Buy Signal Shows Another Run-Up Is Coming The chart shows that the current trends of bitcoin put the market under strong buy pressure. Accumulation patterns continue to indicate that investors are now buying coins instead of selling them. Wallets stock up on BTC to add to their holding stash. BTC’s price has held steady momentum following the break of the $45K resista...