The Last Time This Indicator Flashed, Bitcoin Surged to $14k. It Just Flashed Ag

[Riya143]

Bitcoin’s price has been steady within the lower-$11,000 region, which seems to indicate that it is coiling up to make another push higher in the near-term.

Overnight, the benchmark cryptocurrency did face some turbulence when bears pushed it as low as $10,500, but the support here proved to be significant.

Analysts are now claiming that the defense of this level was an incredibly positive technical development, as it shows that bulls were able to conduct a textbook support-resistance flip – opening that gates for BTC to see further near-term upside.
Read More: https://www.newsbtc.com/2020/07/28/bullish-bitcoin-indicator-flashes-again/