Bitcoin’s price appears to be stabilizing, and the digital currency may even be gearing up for a short-term rally, technical indicators show. The GTI Global Strength Technical Indicator for Bitcoin is nearing oversold levels, clocking in at 35.6. That’s the lowest level since December. Bitcoin appears to be stabilizing around US$3,500, with clear support at US$3,000 to US$3,100, the measure suggests. The world’s largest cryptocurrency also breached its lower VERA band limit today, but rocketed back to trade just above the limit. The GRI VERA Trend Signals indicator helps identify trends, and this behavior implies an ... (full story)