Trading Indicator Shows Bitcoin’s Major Bull Run in Offing

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Alex Dovbnya
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
Cover image via U.Today

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) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.