Bitcoin Price: Technical Flags Scream ‘Buy!’ as Market Nears Key Level

2019-4-2 00:36

Bitcoin continues to grind higher, and on Monday the flagship cryptocurrency hit its highest level in 2019. Many investors are stuck in the past looking at the wild volatility brought on by excessive speculation, and ignoring that right here right now, the Bitcoin price is showing maturity and stability – and could be primed for a major boom.

Bloomberg reported that a popular technical indicator is now screaming buy after the last signal it generated prompted a 17% rally. Low Bitcoin Volatility is Great for Altcoins If BTC/USD was a traditional currency pair, people would be going wild over how

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Breaking above $50k, Bitcoin price has recovered from the $29,760 low in July. As of writing, BTC/USD is trading around $47,500, about 26.7% down from its peak four months back. Just like price, other data metrics suggest that the leading cryptocurrency is on a path to recovery after the market-wide sell-off just three months ago […] The post Additional Money Is Coming into Bitcoin as Capitulation Period Ends and Hash Rate Climbs to Early June Level first appeared on BitcoinExchangeGuide.

2021-8-25 17:23