I've never been a trading expert, but this looks bullish on Bitcoin

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Look at the MACD there at the bottom

We have a MACD crossing over from an oversold position, below the zero bound.

This is textbook bullish indicator and means bitcoin is very likely starting its next leg up.

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(Source: https://twitter.com/PrestonPysh/status/1280895290099355651)

The last time we saw this trigger like this was in late March when bitcoin rallied about $4k over the next month and a half.

I suspect a similar move is going to play out here, taking us at least to $12k.

Maybe to about $14k.

What do you think?

Posted Using LeoFinance



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