Trading Indicator Shows Bitcoin’s Major Bull Run in Offing

  • Alex Dovbnya
    📰 News

    BTC struggles to recover after a major bearish trend (and the news about a string of SEC rejections doesn’t help the cause). This bad streak may come to an end very soon


Trading Indicator Shows Bitcoin’s Major Bull Run in Offing

Bitcoin still struggles to recover after a major bearish trend (and the news about a string of SEC rejections doesn’t help the cause). However, according to a recent Bloomberg report, this bad streak may come to an end very soon.

This bold assumption is based on the fact that the GTI VERA indicator, which helps to detect a potential reversal and exhaustion, shows that bulls may come out in full force very soon. The abovementioned instrument is commonly used by traditional traders.

The king of crypto has recently experienced some minor upticks, but are we going to witness a proper bull run?
 

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About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

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