Being a solid Bitcoin bull it is always refreshing to have my bias confirmed by others and solid technical data. That's what we have here. After a year long bear market (80% loss for BTC) there are strong signs the worst is over. Not just for Bitcoin of course, but cryptos in general. After writing and commenting for months on all the positive factors pointing toward higher bitcoin prices, it now seems technical indicators are joining in. Read more below (and always remember, no one saw last year's crypto debacle. Well, maybe a few).
(Bill Taylor/Fintek Capital)
"Bitcoin has been trapped in a year-long bear market, with the bitcoin price losing some 80% in value over the last 12 months and dragging down the wider cryptocurrency market, including the likes of other major coins ripple (XRP) and ethereum.
Bitcoin and cryptocurrency investors who have weathered the so-called crypto winter have been somewhat cheered by a positive start to 2019, with many eagerly looking forward to major global stock exchanges offering bitcoin futures contracts and the highly-anticipated Bakkt bitcoin platform.
Now, new technical analysis suggests bitcoin could be about to leap higher after months of declines.
Bitcoin has been trapped in a year-long bear market, with the bitcoin price losing some 80% in value over the last 12 months and dragging down the wider cryptocurrency market, including the likes of other major coins ripple (XRP) and ethereum.
Bitcoin and cryptocurrency investors who have weathered the so-called crypto winter have been somewhat cheered by a positive start to 2019, with many eagerly looking forward to major global stock exchanges offering bitcoin futures contracts and the highly-anticipated Bakkt bitcoin platform.
Now, new technical analysis suggests bitcoin could be about to leap higher after months of declines....