Bitcoin Could be Nearing Bull Territory as Technical Indicator Turns Positive4.2

Ever since Bitcoin touched the low-$3,000 region in mid-December, its price has been gradually increasing and just yesterday broke above the $4,000 price level for the first time in a couple of weeks.

Bitcoin’s relatively positive price action since it set its 2018 low around $3,200 has led one widely viewed technical indicator to turn positive for the first time in months, which could signal that increased buying pressure is right around the corner.

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