Bitcoin Gets Yet Another Bullish Signal as Prices Near $70K
A widely-tracked momentum indicator has flipped positive for the first time since April.
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A widely-tracked momentum indicator has flipped positive for the first time since April.
The ratio’s present price pattern resembles late 2020.
The Three-line break chart, which filters out noise and erratic price movements, suggests the broader bull run has begun.
Thursday’s bullish trading range marks an end of the recent consolidation and a resumption of the rebound from lows under $53,000.
The average, widely considered a barometer of the long-term trend, has hit stall speed for the first time since October.
A recap of the crypto market from August 11th to 17th.
The pending signal, if confirmed, would imply a challenging time ahead, according to analysis by Fairlead Strategies.
Bitcoin (BTC) started the weekend with a slightly more positive sentiment after a mostly bearish week, seeing some price recovery. … Continue reading
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Bitcoin’s Bollinger bandwidth has narrowed to levels that have historically preceded volatility explosions.
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