Bloomberg: Bitcoin (BTC) Technicals “Flash Buy” As Crypto Recovers

It’s 2019, and it seems that prospects are already looking bright for Bitcoin and the cryptocurrency market at large. According to a recent article posted by Bloomberg’s Vildana Hajric and Reade Pickert, a number of technical indicators/signals have begun show bullish signs, after a multi-month lull in crypto valuations.

Per the two reporters, the GTI Vera Convergence Divergence indicator is suggesting BTC has entered its “longest buying streak in six months,” presumably due to the fact that the cryptocurrency hasn’t dropped drastically over recent weeks. The indicator predicts that if buy-side pressure continues for the next two weeks, Bitcoin could continue to move higher, continuing a bounce off its year-to-date lows at ~$3,150.

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