Bitcoin Up 6% In May: Is A ‘God Candle’ Coming?

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Bitcoin (CRYPTO: BTC) climbed above $81,000, prompting speculation if there a sharp breakout could be on the cards.

‘Green Candle Therapy’

Crypto analyst Taiki Maeda said in his podcast on May 4 that Bitcoin may already have formed a market bottom and could be entering a phase of strong upward momentum driven by what he described as “green candle therapy,” a rapid price surge that shifts market sentiment decisively bullish.

He argued that many early sellers have already exited the market, while sentiment remains cautious despite relatively stable price levels.

According to Maeda, this type of …

Full story available on Benzinga.com

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