Bitcoin (BTC) Indicator Signals An Upcoming Breakout, Says Bloomberg


There have been a lot of speculations regarding the price of Bitcoin (BTC) these days.

As you know by now, the most important crypto in the market surged a lot, racing towards $15k and then the coin suffered a significant correction.

This triggered various speculations, some of them very positive and bullish and others claiming that we may even see a correction for the price of BTC down to $5,000.

BTC rally could enter a new extension

Now, there’s a new theory that enters the crypto space and it suggests that the BTC rally may be on its way to enter a new extension.

BTC is reportedly trading above its upper Vera band limit, says Bloomberg‘s analysis.

This is an indicator which shows that a breakout could be on its way to the market.

“Bitcoin’s followed a similar trend since mid-February and has breached yearly highs at least once every month since then. The cryptocurrency broke above its upper band limit for the first time this year in early February, for instance, and reached a fresh yearly high shortly afterward.”

More than that, industry insiders are interested in Bitcoin’s latest move.

Important names are about to enter the crypto space, triggering the bulls

According to the online publication the Daily Hodl, the bullish sentiment that has been recently floating in the market highlights the industry’s ability to draw in big names such as facebook and Fidelity which will only strengthen the market.

Fidelity International is getting closer and closer to entering the crypto space, and this could boost the most important coin in the market straight to the moon, according to Ethereum World News.

And needless to highlight this even more, Facebook is gearing up for the launch of its LIbra coin which has been making waves in the crypto space. More expert voices have been saying that Libra will bring massive bulls.

Coins Mentioned

BTC

Bitcoin

Icon
1xBit

Lorem Ipsum is simply dummy text of the printing and typesetting industr...

Icon
Nitrogen Sports

Lorem Ipsum is simply dummy text of the printing and typesetting industr...

Icon
7bitcasino

Lorem Ipsum is simply dummy text of the printing and typesetting industr...

Icon
BitStarz

Lorem Ipsum is simply dummy text of the printing and typesetting industr...

Icon
FortuneJack

Lorem Ipsum is simply dummy text of the printing and typesetting industry....

Exchanges
Icon
CEX.IO

Read Review - Website

Icon
Coinbase

Read Review - Website

Icon
Binance

Read Review - Website

Casinos
Icon
7bitcasino

Read Review - Website

Icon
BitStarz

Read Review - Website

Icon
FortuneJack

Read Review - Website

Sportsbook
Icon
1xBit

Read Review - Website

Icon
Nitrogen Sports

Read Review - Website

Icon
SportBet.io

Read Review - Website

Trending news

thumbnail13 - Bitcoin (BTC) Indicator Signals An Upcoming Breakout, Says Bloomberg

Trending news

Top Exchanges
Icon
CEX.IO

4.00

Read Review - Website

Icon
Coinbase

4.48

Read Review - Website

Icon
Binance

4.50

Read Review - Website

Top Casinos
Icon
7bitcasino

4.20

Read Review - Website

Icon
BitStarz

4.93

Read Review - Website

Icon
FortuneJack

4.55

Read Review - Website

Top Sportsbook
Icon
1xBit

4.03

Read Review - Website

Icon
Nitrogen Sports

4.73

Read Review - Website

Icon
SportBet.io

4.60

Read Review - Website

Eduard Watson Author

An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.

1672 Articles
7255 Followers