Thursday, July 24, 2025
  • Login
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
CRYPTO MARKETCAP
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

‘Bird Beak Sign’ Appears On Bitcoin Price Heikin Ashi Chart, Analyst Explain What This Means

by SB Crypto Guru News
October 28, 2024
in Bitcoin
Reading Time: 3 mins read
0 0
A A
0


Este artículo también está disponible en español.

The Bitcoin price may be on the verge of hitting new all-time highs as a crypto analyst has unveiled the emergence of a new technical indicator called the “Bird Beak Sign.” Spotted on the Bitcoin Heikin Ashi chart, the analyst suggests that this technical pattern indicates a potential price rally is imminent. 

‘Bird Beak’ Pattern Signals Path To $100,000

Optimism in the crypto community is soaring as a popular crypto analyst, ‘Trader Tardigrade’ has shared a bullish prediction for Bitcoin’s price outlook. In an X (formerly Twitter) post, the analyst uncovered a distinct technical pattern known as the “Bird Beak sign” in the Bitcoin Heikin AshiBitcoin Heikin Ashi chart, which is a type of candlestick chart used to spot market trend direction and predict future prices. 

Related Reading

Bitcoin price 1
Source: X

The Bird Beak Sign is a distinct chart pattern that resembles a beak and is created when the Heikin Ashi candlesticks cluster together in a tight consolidated range. Typically when a cryptocurrency consolidates, it means that its price is stabilizing before a potential rally upwards. In the case of Bitcoin, the recent Bird Beak pattern suggests consolidation is preceding an upward momentum. 

The analyst notes that in the past when Bitcoin showed the Bird Beak sign on the daily Heikin Ashi chart, it was followed by a strong uptrend. This upward movement was represented by multiple green candles, which showed upward movement. 

Sharing a price chart, Trader Tardigrade disclosed that on 2nd January 2023, a Bird Beak sign had appeared in the Bitcoin chart, triggering a price surge to $23,250 at the time. This same chart pattern was also observed on the 7th and 25th of February, 2024, with Bitcoin skyrocketing to $52,000 and reaching between $71,000 to $72,000, respectively.  

Trader Tardigrade has revealed that the present Bird Beak sign seen in Bitcoin’s Heikin Ashi chart formed on 27 October 2024. Based on these past signs, analysts have predicted that the new Bird Beak pattern could lead to another sharp increase for Bitcoin, potentially pushing its price to $114,000 this month. 

Analyst Expects Bitcoin Price To Hit $71,000 First

In a more recent X post, Trader Tardigrade revealed that Bitcoin was breaking out of a Symmetrical Triangle at the tip of its 8-hour Heikin Ashi chart.  Based on this new symmetrical triangle pattern, the analyst forecasts that a successful breakout could lead to a rally towards the $71,000 price target for Bitcoin. 

Related Reading

Bitcoin price 2
Source: X

This bullish sentiment is shared by another popular analyst known as the ‘Titan of Crypto,’ who also projects Bitcoin’s next target at $71,000. This analyst has predicted that Bitcoin will reach this new target before the month closes, highlighting that the cryptocurrency’s monthly candle is looking significantly strong.

It’s important to note that as of writing, the price of Bitcoin is trading at $67,856, marking a 1.3% increase in the past 24 hours, according to CoinMarketCap. 

Bitcoin price chart from Tradingview.com
BTC price breaks $68,000 again | Source: BTCUSD on Tradingview.com

Featured image created with Dall.E, chart from Tradingview.com



Source link

Tags: AnalystAppearsAshiBeakBirdBitcoinBitcoin NewsChartCrypto NewsCrypto UpdatesexplainHeikinLatest News on CryptomeansPriceSB Crypto Guru NewsSign
Previous Post

Get Big Savings on Microsoft Office 2024 for a Limited Time

Next Post

Steve McQueen delves into family history at Dia Chelsea

Related Posts

Bitcoin in 2025: 5 Costly Mistakes to Watch Out For

Bitcoin in 2025: 5 Costly Mistakes to Watch Out For

by SB Crypto Guru News
July 24, 2025
0

This content is provided by a sponsor. Bitcoin keeps breaking records in 2025, but some old misconceptions are still costing...

FTX To Distribute Repayments To Creditors On Sept. 30

FTX To Distribute Repayments To Creditors On Sept. 30

by SB Crypto Guru News
July 24, 2025
0

Join Our Telegram channel to stay up to date on breaking news coverage Defunct crypto exchange FTX will distribute its...

Ethereum Demand Surges 32x Beyond Supply: Bitwise Predicts Price Explosion

Ethereum Demand Surges 32x Beyond Supply: Bitwise Predicts Price Explosion

by SB Crypto Guru News
July 24, 2025
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum’s recent price rally is being fueled...

US Set To Reveal Key Crypto Report—A Make‑Or‑Break Moment For Bitcoin

US Set To Reveal Key Crypto Report—A Make‑Or‑Break Moment For Bitcoin

by SB Crypto Guru News
July 24, 2025
0

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day,...

Telegram Brings Crypto to U.S. Users via TON Wallet

Telegram Brings Crypto to U.S. Users via TON Wallet

by SB Crypto Guru News
July 24, 2025
0

Telegram has launched its TON Wallet for users in the United States. The wallet, developed by The Open Platform, is...

Load More
Next Post
Steve McQueen delves into family history at Dia Chelsea

Steve McQueen delves into family history at Dia Chelsea

Shibarium Transactions Crash 85%, Shiba Inu Burns Drop 78%, What’s Going On?

Shibarium Transactions Crash 85%, Shiba Inu Burns Drop 78%, What's Going On?

Facebook Twitter LinkedIn Tumblr RSS

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.