Bitcoin to Soon Form Signal Last Seen Prior to 2,000% Rally in 2017
Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom
Bitcoin Forms Pivotal Buying Signal
According to data from Crypto Quant shared by a crypto-asset analyst, Bitcoin is about to form a long-term buying signal. This signal is important as it was last seen at the end of 2016, prior to Bitcoin's 2,000% rally in 2017.
Chart from CryptoQuant and TradingView.com
Related Reading: Tyler Winklevoss: A “Tsunami” of Capital Is Coming For Bitcoin
Fundamental Trends Favoring Bulls
Fundamental trends favor Bitcoin bulls, analysts say. Related Reading: 3 Bitcoin On-Chain Trends Show a Macro Bull Market Is Brewing
Featured Image from Shutterstock
Price tags: xbtusd, btcusd, btcusdt
Charts from TradingView.com
Bitcoin to Soon Form Signal Last Seen Prior to 1,000% Rally in 2017
