Bitcoinist
2020-06-11 07:20:47

A Bitcoin Indicator that Sent Price 2,757% Higher in 2016 Flashes Again

A bitcoin technical indicator that may have played a crucial role in predicting its 2017 price rally has flashed again. The “Chaikin Money Flow” is looking to climb into a buying area for the first time since mid-2016. After its previous formation, Bitcoin had surged from $700 to $20,000. Bitcoin is struggling to close above $10,000 in the past three months, but it may head exponentially higher if a super-bullish technical play out as planned. […]

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