Crucial Bitcoin Buy Signal Last Seen at End of July Just Appeared


Bitcoin has embarked on a strong rally over the past few days that has brought from the $9,800 lows to $11,500. This is an over 15% rally that has brought the coin above crucial technical levels. Analysis predicts that Bitcoin is set to continue its surge to the upside. The analysis shows an imminent reversal in the one-day MACD, coupled with Bitcoin moving above a critical moving average. Critical Bitcoin Buy Signal Is About to Appear Bitcoin is set to continue its ascent after reaching a high of $11,500 on Friday evening, one trader recently asserted. He shared the chart below on October 11th, which shows that Bitcoin is forming a number of critical signals on its one-day chart. These include but are not limited to, the one-day MACD about to cross bullishly and a momentum indicator printing a “buy” signal. This is relevant because the last time this signal…

Read the original article here