Markets Update: Long-Term Signals Suggest Bullish Bounce Imminent for BTC

[samnews]

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.

read more : https://coinnews.zd.fr/markets-update-long-term-signals-suggest-bullish-bounce-imminent-for-btc/

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[Simple_Man]

Even I am hoping for the same. Last year, at the same time, bitcoin's price was around 1044 USD and the price started going up since March end. If the history repeats itself, then you will again see a huge price increase before the middle of the year. However, I am especially fond of technical analysis in crypto field because crypto market is not moved as per the stock market, It has its own equations and calculations. But since bitcoin's price is standing at a very low price, I am sure investors will start buying in large quantities for longer term,pushing the price up.