Start To A Long-Term Bull Market?
Bitcoin is sitting right under $8800 this morning
Historically Accurate Bitcoin Price Indicator Just Signaled Start to a Long-Term Bull Market
“A historically accurate bitcoin price indicator has just flipped its market bias to bullish after four months.
Dubbed as Guppy Multiple Moving Average, or Guppy, the technical indicator identifies changing trends and potential price breakouts by adjoining an asset’s long and short term moving averages. It has long served as a leading barometer for determining bitcoin’s next market sentiment.
For instance, when Guppy first turned green in April 2019, the move prompted bitcoin to register a supersonic price rally wherein it swelled by 235 percent. Similarly, when Guppy switched back to red in September 2019, the bitcoin price followed by plunging 35.87 percent (data from Coinbase).”