Bitcoin to Soon Confirm Buy Signal That Preceded 2017’s 2,000% Rally

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Despite the 150% rally from the March capitulation lows, there remain many that remain macro bearish on Bitcoin. Take the example of Peter Schiff, the CEO of Euro Pacific Capital and a prominent gold proponent. He recently argued that while he expects gold to rally, he still thinks Bitcoin is embroiled in a bear market. Schiff went as far as to say that BTC’s 2018 lows of $3,200 are unlikely to hold for much longer. Fortunately for the bull case, a crucial technical signal that preceded BTC’s macro rally in 2016/2017 is about to be registered by Bitcoin. Bitcoin Will Soon Confirm a Crucial Buy Signal According to a crypto analyst, Bitcoin’s macro Moving Average Convergence Divergence (MACD) is about to cross green on the monthly time frame. Should this take place, it will mark a large win for the bull case. For instance, prior to the rally from under…

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