Bitcoin Price Rally Could be on Last Legs, Bloomberg Analyst Warns

2019-3-13 00:30

A key market indicator shows that the Bitcoin price rally may be losing steam. According to Bloomberg, “Bitcoin’s Moving Average Convergence Divergence indicator has been steadily falling since mid-February.

” MACD is a commonly used metric for technical analysis. When it diverges from the symbol, it means that a trend may be over with. Watch out Bitcoin Bears – MACD Isn’t Everything Let’s keep in mind, however, that this is crypto. Old world tools like MACD and EMA only go so far here. Long-term charting suggests that Bitcoin may be overbought, but sellers may nevertheless back away from the market if

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Why Bitcoin Will Reign Supreme Over Libra (Or Any Other Alt)

Libra may be the flavor of the month. Facebook’s “cryptocurrency” may be the catalyst for mass adoption if it gets the green light. But it won’t tip the scales on Bitcoin. Bitcoin Makes the Hard Choices Every Time In a Medium article, Coinmetrics co-founder Nic Carter explains that Bitcoin’s design may seem clumsy to many at first, full of “flaws” that need to be fixed.

2019-6-20 20:00