Bitcoin
Bitcoin’s MACD Prints Strongest Bull Signal In Over a Year
Bitcoin’s MACD histogram is registering its highest value since January of 2018, which suggests bitcoin’s price may have already bottomed out.
Auto Added by WPeMatico
Bitcoin’s MACD histogram is registering its highest value since January of 2018, which suggests bitcoin’s price may have already bottomed out.
Bitcoin has taken a knock Monday and the sell-off could intensify if key support near $3,650 is breached.
Bitcoin has witnessed indecisive trading in the last 48 hours and would turn bullish again if prices rise above $3,900.
Bitcoin may have ended a six-month losing streak in February, but MKR, THETA, ENJ and MET ensure it wasn’t the crypto market’s biggest winner.
Bitcoin is heading into a historically weak month on a positive note and could see gains if resistance at $4,190 is breached.
Bitcoin looks set to end its record six-month losing streak with modest gains in February.
Bitcoin risks a further sell-off if the bulls’ defense of $3,700 fails to produce quick recovery.
Funds allocated to BTC/USD short positions on Bitfinex fell to 11-month lows on Sunday as the price of bitcoin fell more than 8 percent.
Bitcoin nosedived overnight, clouding the interim bullish outlook, and a deeper drop could unfold if key support near $3,700 is breached.
Bitcoin likely bottomed out in December and could begin a new bull run this year, as a lagging indicator has turned bearish for the first time in four years.