Bloomberg: the Next bullish run bitcoin on the horizon
According to Bloomberg, the bulls are looking at new technical signals bitcoin in the hope that cryptocurrency will change the trend and begin to grow.
Analysis of trend lines RIG, a leading technical indicator which is a combination of relative strength index (RSI) and the study of the pulse shows: indicator pulse indicator RSI crossed that hints at a positive price movement in the near future.
This is the fourth time the index pulse has crossed the indicator RSI, and each of them was accompanied by the growth of bitcoin prices. The last time this happened (in mid August), the price of cryptocurrency for the next three weeks increased by 21%.
Recall that, according to published in the beginning of last week the forecast cryptocurrency trader known as Willie Wu, bitcoin is still in the midst of a bear market, sometimes reminiscing about “the bulls”.
See also: Analysis of bitcoin prices on September 28: a Bull race before the expiration of a futures CME