Bitcoin Price Exploded in 25-Month Bull Rage the Last Time This Happened
By CCN: According to technical analyst Josh Rager, the 3-day Guppy Multiple Moving Average (GMMA) on the bitcoin price trend has turned green following bitcoin’s recent rally. The last time this technical indicator signaled a change in trend, it led to a 25-month bull run. Source: CCN
Binance Sees ‘All-Time Traffic High’ Amid Bitcoin Boom, A Sign Of Returning Interest?
The crypto market has experienced a zany past 24 hours. Bitcoin (BTC) popped up by 8%, as per CoinMarketCap, and most other digital assets posted strong gains. With this recent move, “cryptocurrency” has graced mainstream media headlines and money has begun to flood back into this space.
Related Reading: Analysts Foresee Bitcoin Surging to $10,000 Without a Pullback as it Hits $8,947
What’s more, Binance, one of the largest digital asset exchanges, purportedly (according to chief executive Changpeng Zhao) saw a system traffic all-time high, “by far”. Considering that the cryptocurrency industry is barely out of a “crypto winter”, and the market is still 70% down from its all-time highs, this fact is jaw-dropping. Source: NewsBTC.com
TECHNICAL INDICATORS ALIGN TO CONFIRM BITCOIN BULL MARKET
A large number of traders and investors would have said that the Bitcoin bull market was confirmed when BTC price surged to $8k two weeks ago. Zooming out to the one year chart shows signs of a recovery, and two technical indicators have just suggested that things have finally turned around for the longer term. Source: Bitcoinist.com