By en.coin-turk.com on August 24, 2023
Cryptocurrency analyst Jake Wujastyk, closely followed by crypto investors, stated that Bitcoin continues to stay above the ongoing upward trend since November 2022 and continues to present a significant bullish signal for the largest cryptocurrency. This forecast of the analyst was also confirmed by another leading cryptocurrency analyst Scott Melker. Bitcoin’s Price Continues to Stay Above VWAP Experienced cryptocurrency analyst Jake Wujastyk stated that Bitcoin’s technical outlook is indicating a bullish signal, as it is currently at a point where it will move upwards. According to the analyst, Bitcoin’s price is currently staying above the Volume Weighted Average Price (VWAP) zone, which started in November 2022, at $25,157, signaling a strong upward movement. Another experienced cryptocurrency analyst Scott Melker also agreed with Wujastyk’s forecast, stating that there is a bullish divergence in the price chart of the largest cryptocurrency in the four-hour time frame. For those unfamiliar, a bullish divergence […]
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