{"id":133040,"date":"2024-07-13T19:00:03","date_gmt":"2024-07-13T16:00:03","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=133040"},"modified":"2024-07-13T12:39:46","modified_gmt":"2024-07-13T09:39:46","slug":"bitcoin-close-to-its-take-off-phase-what-does-it-mean","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoin-close-to-its-take-off-phase-what-does-it-mean\/","title":{"rendered":"Bitcoin Close to its &#8220;Take-off Phase&#8221; &#8211; What Does it Mean?"},"content":{"rendered":"<p>In a TradingView analysis, crypto market expert TradingShot highlighted <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin\u2019s<\/a><\/strong> readiness for its next aggressive phase.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"\" src=\"https:\/\/assets.finbold.com\/uploads\/2024\/07\/image-56-1024x606.png\" width=\"794\" height=\"470\"><\/p>\n<p>The analysis delved into Bitcoin\u2019s historical price cycles, emphasizing the relative strength index (RSI) and cyclical angles as indicators for significant price movements. Each cycle, from 2012 to 2021, has shown a decreasing angle from peak to trough: 54\u00b0 in 2012-2013, 42\u00b0 in 2015-2017, and 30\u00b0 in 2019-2021.<\/p>\n<p>Based on this pattern, the current cycle is expected to peak at approximately 20\u00b0 from its low point. Despite the declining angle rates, the one-week RSI has maintained stability around 25\u00b0, serving as a reliable sell indicator before entering the next bearish phase.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/bitcoin-etfs-in-us-registered-their-best-result-since-june-5\/\" title=\"Bitcoin ETFs in US Registered Their Best Result Since June 5\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/pexels-jonathanborba-14911394-bitcoin-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Bitcoin ETFs in US Registered Their Best Result Since June 5<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>The analysis categorized Bitcoin\u2019s market phases into bottom formation, accumulation, and impending take-off. Currently in the accumulation phase, Bitcoin has yet to enter its most aggressive price movements, known as the take-off phase, according to TradingShot.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) has once again faced resistance below the $60,000 mark, signaling a potential rally in the future despite recent challenges.<\/p>\n","protected":false},"author":3,"featured_media":72074,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[],"class_list":["post-133040","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Close to its &quot;Take-off Phase&quot; - What Does it Mean?<\/title>\n<meta name=\"description\" content=\"Bitcoin (BTC) has once again faced resistance below the $60,000 mark, signaling a potential rally in the future despite recent challenges.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptodnes.bg\/en\/bitcoin-close-to-its-take-off-phase-what-does-it-mean\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Close to its &quot;Take-off Phase&quot; 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