There’s the rare case that bitcoin’s price could reverse and see a triple top, even though many say “there is no such thing as a triple top.”
While it’s common to say the statement, saying “there is no such thing as a triple top,” the comment is not entirely accurate. They surely have occurred in financial market scenarios in the past, and traders who risked betting on them have reaped the rewards. However, when a triple top does execute and complete, the “party is officially over.” When a triple top is executed, the price will begin a bearish descent until the next price cycle regains bullish strength.
While many are likely still willing to bet on a triple top formation as far as bitcoin’s price is concerned, its even more likely they are not willing to bet on a seemingly non-existent quad top. Moreover, triple tops being as rare as they are, means a great deal of traders are not willing to bet a third peak is in the cards. The chance of a
triple top coming to fruition is not impossible, and no one can safely say the scenario will not come into play.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin price target now $29K, trader warns after Terra weathers $285M 'FUD' attackBitcoin heads past ten-week lows as Terra 'FUD' sees nearly $300 million of UST sales.
Read more »
First 6-week losing streak since 2014 — 5 things to know in Bitcoin this weekBTC price cues continue the bearish narrative as Bitcoin braces for CPI data.
Read more »
Bitcoin sets news 2022 lows as analyst says trip to $24K realized price 'entirely possible'Bitcoin falls to fresh 2022 lows as BTC price performance looks to challenge $30,000.
Read more »
Bitcoin, Ethereum Technical Analysis: BTC Slips to 10-Month Low, Below $33,000 – Market Updates Bitcoin NewsBTC fell to its lowest level since last July, as prices dropped below $33,000 to start the week. ETH dropped to a six-week low.
Read more »
Bitcoin's Price Falls to Lowest Level This Year… And We May Only Be Halfway Through Bear Market | CoinMarketCapIt's official: Bitcoin has fallen to its lowest level so far in 2022 📉 Worse still, we may only be halfway through the bear market 😬 S&P 500 futures are down too, meaning there might be further pain when Wall Street opens... 🚨
Read more »
Bitcoin (BTC) Price Analysis for May 8Has BTC reached the oversold zone for a potential reversal? NickSzabo4 alistairmilne Maybemore_DC WhalePanda
Read more »