Technical Sign Indicates Looming $17,000 Price Surge
The past few weeks have not been great for BTC which has been trading below $10K USD, however, it broke out recently reclaiming five-figure prices.
At the time of this writing, the leading cryptocurrency by market capitalization is trading at $10,500 rallying around 10% from the previous week.
A prominent crypto analyst Joe McCann states that the Moving Average Divergence (MACD) recently saw a bullish crossover on the one-day Bitcoin chart, printing a a green candle on the histogram.
He reveals that basing from previous data when Bitcoin had this signal it prices surged 52% and 61% in two three-weeks surges, which means that the surge can bring us to $17,000 by the end of August.
Headlines for the world of Cryptocurrencies - August 03, 2019
- Walmart May Release Stablecoin
- Ex-Chief Strategist Of Trump Says Bitcoin Has A Big Future
- Walmart-Amazon Rivalry Spills Over To Blockchain Arena
- Bitcoin.com Launching Its Own Exchange
- New Requirements For Crypto Trading Imposed By Tax Authority In Brazil
Headlines for the world of Cryptocurrencies - August 02, 2019
- CFTC Says LedgerX Physical Bitcoin Futures Not Yet Approved
- Business Registry In Malta Embraces Blockchain Technology
- NBA Taking A Shot On Blockchain Technology
- No Regulations Yet For Bitcoin And Ether In U.K.
- More People Searching For Bitcoin Than Stocks
Headlines for the world of Cryptocurrencies - August 01, 2019
- New Regulated Crypto Exchange In Middle East Opens
- Canaan Files IPO In U.S.
- Singapore Could Be The First Country To Embrace Bitcoin
- 22% Of Crypto holders In Europe Are Women
- U.S. Politicians Acknowledges The Power Of Bitcoin
