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Bitcoin Flashing First Buy Signal Since March Covid Collapse
After wavering around $10,000 for weeks, Bitcoin could be poised for a breakout, technical indicators suggest. Based on the GTI Global Strength Indicator, Bitcoin flashed its first buy signal since its March coronavirus-induced crash, after which it rallied 200% over a five-month period. Additionally, other gauges suggest any subsequent rally will need to take the coin over $12,000 for it to see a new high for the year. Bitcoin rose as much as 2.1% Wednesday to $11,098. Most peer coins declined with Bitcoin Cash and Litecoin each falling over 3%. “The price of Bitcoin is reflective of the belief that Bitcoin is a ... (full story)