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Bitcoin at the brink as technical indicator signals huge move

From bnnbloomberg.ca

It could be make it or break it time for Bitcoin. A technical measure that analysts who rely on historical price patterns to make their assumptions suggests that Bitcoin is on the brink of a large move. Whether it mirrors the 1,400 per cent surge in 2017 that catapulted the cryptocurrency into the mainstream or the subsequent 74 per cent decline last year remains in question. The narrowing of the upper and lower bands of the GTI VERA Bands Indicator suggests Bitcoin, which in its longest buying trend since September, is on the verge of a breakout. The virtual currency has been hovering around its key level of ... (full story)

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  • Category: Technical Analysis