{"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&#8217;s<\/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&#8217;s 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&#8217;s 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 v24.4 - 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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