Bitcoin Price Chart Shows Big Bullish Divergence: Crypto Trader

Story by: Yuri Molchan

  • Even though things are looking bearish for Bitcoin, the 4-hour chart shows that in the next two-three weeks the BTC price will spike, a crypto analyst says

Bitcoin Price Chart Shows Big Bullish Divergence: Crypto TraderCover image via

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Despite many believe that the Bitcoin price may plunge soon, this crypto trader keeps giving bullish forecasts on BTC.  This time, he looks at a 4-hour graph.

A big bullish divergence

A crypto trader @themooncarl, who predicted a bullish reversal for the Bitcoin price at the end of last week, again posts a chart with a Falling Wedge pattern. He reminds the community that even though Bitcoin may look bearish at the moment, he clearly sees a big bullish divergence on both 4-hour and 1-hour charts.

He concludes:

“Bitcoin will do well in the coming 2-3 weeks!”

The Moon@themooncarl

I know that might seem bearish right now. However, I can’t be the only one who sees this big bullish divergence on the 4 hour chart? It’s also in the 1 hour chart.

I think that will do well in the coming 2-3 weeks!!

Current price $8,540.

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In the comment thread, the trader confirms his opinion that Bitcoin has a 70-percent chance of breaking up because of the Falling Wedge since this pattern is bullish.

Ioan Claudiu@IoanClaudiu2

I think we will see a brake out in 1-2 days.

The Moon@themooncarl

Same here! 70% chance that it will break up, based on the fact that we are in a falling wedge, which is a bullish pattern.

See The Moon’s other Tweets

At press-time, Bitcoin is trading at $8,547.

BTC price CMC

Image via CoinMarketCap
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