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As Libra Fallout Continues, Bitcoin Finds Support in Technicals
While the fallout over Facebook Inc.’s controversial cryptocurrency project drags on, technical signals are painting a brighter picture ahead for Bitcoin. The world’s largest cryptocurrency by market value appears to have solid support around its 50-day moving average -- it bounced off that level twice last week, during which the coin lost close to 12%. In addition, the GTI Vera Band Indicator, which tracks upward and downward trends, is showing Bitcoin’s in a selling pattern. It regained its lower band limit late last week, but breaking above its upper band limit could signal another potential run-up. If the ... (full story)