Bitcoin Surged 80% Last Time This Signal Appeared. It’s Almost Back

5f839dbb90432

Bitcoin has undergone a strong rally since the $9,800 lows seen in September. As of this article’s writing, the leading cryptocurrency trades for $11,400. Some fear that this is just a bear market bounce that will result in a reversion to the lows. A crucial technical indicator suggests that this is not the case, that this is a true breakout. In fact, it shows that if Bitcoin moves above $11,500 in the near future, it will form a buy signal of macro importance. The last time this buy signal was seen was in April, prior to the 80% rally that took the coin from $7,000 to $12,500 in mere months. Crucial Bitcoin Close Is About to Take Place Bitcoin may soon be set to surge even higher if it manages to retake $11,500 decisively on a medium-term scale. One crypto-asset trader recently shared the chart below, noting that Bitcoin is…

Read the original article here

IF YOU LIKED THIS ARTICLE CLICK SHARE