Bitcoin Price Indicator May Signal Next Leg Higher - CoinDesk
History looks to be repeating itself in the bitcoin market, as a key indicator’s bullish turn could mark the beginning of the next meteoric price rally.
The world’s most valuable cryptocurrency’s price action seen over the last eight months is very similar to the moves seen in 2015, according to Bitstamp data. For instance, the bitcoin bear market ended near $3,100 in mid-December 2018 and prices built a base below $4,000 in the following three months before breaking into a bull market on April 2.
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e cryptocurrency’s price action seen over the last eight months is very similar to the moves seen in 2015, accordin