{"id":381808,"date":"2021-12-16T12:57:40","date_gmt":"2021-12-16T09:57:40","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/analyst-lists-21-factors-calling-for-bitcoin-price-upside-but-just-4-bearish-signals\/"},"modified":"2021-12-16T12:57:40","modified_gmt":"2021-12-16T09:57:40","slug":"analyst-lists-21-factors-calling-for-bitcoin-price-upside-but-just-4-bearish-signals","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/analyst-lists-21-factors-calling-for-bitcoin-price-upside-but-just-4-bearish-signals\/","title":{"rendered":"# Analyst lists 21 factors calling for Bitcoin price upside \u2014 But just 4 bearish signals"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a417e439a487\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a417e439a487\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/analyst-lists-21-factors-calling-for-bitcoin-price-upside-but-just-4-bearish-signals\/#%E2%80%9CEnough_there%E2%80%9D_for_Bitcoin_upside_breakout\" >&#8220;Enough there&#8221; for Bitcoin upside breakout<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/analyst-lists-21-factors-calling-for-bitcoin-price-upside-but-just-4-bearish-signals\/#Stoch_RSI_lines_up_rare_bottoming_structure\" >Stoch RSI lines up rare bottoming structure<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Analyst lists 21 factors calling for Bitcoin price upside \u2014 But just 4 bearish signals <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Bitcoin (BTC) traders may be experiencing some &#8220;extreme panic,&#8221; but one analyst argues that practically all the technical metrics point to price upside.<\/p>\n<p>Speaking to Cointelegraph on Dec. 16, filbfilb, co-founder of trading platform Decentrader, listed more than 20 signs that bullish momentum should be next for Bitcoin.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"%E2%80%9CEnough_there%E2%80%9D_for_Bitcoin_upside_breakout\"><\/span>&#8220;Enough there&#8221; for Bitcoin upside breakout<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>BTC\/USD gained with equities late Wednesday thanks to comments on policy from the United States Federal Reserve.<\/p>\n<p>Reaching $49,300, the pair then began to consolidate below the $49,000 mark, a point at which it remains at the time of writing.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-12\/5e286121-e9d4-45c5-9030-284bfb5bd650.png\"><figcaption style=\"text-align: center;\"><em>Crypto Fear &amp; Greed Index. Source: Alternative.me<\/em><\/figcaption><\/figure>\n<p>Sentiment, however, has yet to show any faith in the short-term future of BTC price action, with the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/alternative.me\/crypto\/fear-and-greed-index\/\">Crypto Fear &amp; Greed Index<\/a> at just 29\/100 \u2014 something filbfilb believes is misplaced.<\/p>\n<p>&#8220;Basically looking at it, I think there is reason to think that there is enough there to think that we could break to the upside and I feel like no trading exposure doesn&#8217;t fit the analysis,&#8221; he summarized.<\/p>\n<p>An accompanying list of bullish triggers numbered 21 items, and included seller exhaustion, miner accumulation and a selection of on-chain metrics.<\/p>\n<p>In the bearish camp, by contrast, were just four \u2014 the lost 20-week moving average and 50 and 100-day moving averages, bear signals on the 3-day chart and a &#8220;horrible&#8221; weekly chart.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-12\/d2e0b261-265f-41e9-8b85-2dd45f4aa469.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD 1-day candle chart (Bitstamp) with 50, 100 and 140-day moving averages. Source: TradingView<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Stoch_RSI_lines_up_rare_bottoming_structure\"><\/span>Stoch RSI lines up rare bottoming structure<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>His comments chime with those of others in the space, with popular <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> account TechDev highlighting several other factors to support an imminent price uptick.<\/p>\n<p><strong><em>Related:\u00a0Bitcoin sheds \u2018dumb money\u2019 as retail buys most BTC since March 2020 crash<\/em><\/strong><\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&amp;ref_src=twsrc%5Etfw\">#BTC<\/a> 3-day hidden bull div getting ready to play out in my opinion with RSI just over 40, an imminent stoch RSI cross, all following a prior bear div-marked local distribution top. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/warqTBc27d\">pic.twitter.com\/warqTBc27d<\/a><\/p>\n<p>\u2014 TechDev (@TechDev_52) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TechDev_52\/status\/1471261765489074176?ref_src=twsrc%5Etfw\">December 15, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>One of them, the stochastic relative strength index (stoch RSI), has been proven to act as a bull flag at local bottoms throughout Bitcoin&#8217;s history.<\/p>\n<p>For Jeff Ross, founder and managing director of Vailshire Capital Management, stoch RSI is now the chart to watch.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">What I&#8217;m watching&#8230;<\/p>\n<p>Check out the last four stochastic RSI (14) bottoms since late 2019 on the weekly <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#bitcoin<\/a> chart.<\/p>\n<p>We are at or near #5.<\/p>\n<p>Shoot your shot. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/l96rASOWXq\">pic.twitter.com\/l96rASOWXq<\/a><\/p>\n<p>\u2014 Dr. Jeff Ross (Pleb counselor) (@VailshireCap) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/VailshireCap\/status\/1470849844612763649?ref_src=twsrc%5Etfw\">December 14, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/analyst-lists-21-factors-calling-for-bitcoin-price-upside-but-just-4-bearish-signals\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Analyst lists 21 factors calling for Bitcoin price upside \u2014 But just 4 bearish signals &#8221; Bitcoin (BTC) traders may be experiencing some &#8220;extreme panic,&#8221; but one analyst argues that practically all the technical metrics point to price upside. Speaking to Cointelegraph on Dec. 16, filbfilb, co-founder of trading platform Decentrader, listed more than&#8230;<\/p>\n","protected":false},"author":1,"featured_media":381809,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTIvOTk5ZjVhZWUtOWRkOC00N2YwLWJjZGYtMDMyYzY1NWJkOTBjLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,73785],"class_list":["post-381808","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/381808","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=381808"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/381808\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/381809"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=381808"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=381808"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=381808"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}