Many technical signals are indicating that the BTC markets may experience a bullish move in coming days following several weeks of heavy selling. Despite longer-term price action and stochastic RSI suggesting an oncoming move up, the immediate price action tells a more tenuous story – with BTC currently testing a critical area.
Longer-Term Technical Indicators Suggest BTC Bullish Bounce May be Imminent
The price of bitcoin appears to have established support at just above the $8,000 USD area, after having lost approximately 60% percent of its value from the all-time high of roughly $20,000 posted on December 17th, 2017 on Bitfinex.
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https://coinnews.zd.fr/markets-update-long-term-signals-suggest-bullish-bounce-imminent-for-btc/