Podcasts Technology Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News 096: Bitcoin Price Indicator That Called Rally to $14,000 Flashes Again | BTC To Retest $20K By July 1st?

096: Bitcoin Price Indicator That Called Rally to $14,000 Flashes Again | BTC To Retest $20K By July 1st?

Published: Jan. 13, 2020, 2:45 p.m.

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Key Bitcoin (BTC) Buy Signal Flashes For First Time Since March

Once again, analysts have started to flip bullish on the Bitcoin price. Sure, the Cryptocurrency is still down some 40% from its $14,000 peak from last year, but per a number of traders, an array of key technical indicators have suggested that the BTC price is ready to return higher once again. Financial Survivalism, the Crypto trader that last week called Bitcoin’s surge to above $8,000, recently noted that the Lucid Stop and Reversal indicator, which “signals a stop and an entry in the opposite direction” when it reverses, just printed an extremely bullish signal. Per the one-week Lucid SAR, Bitcoin just saw its first buy signal since March 2019, with the trend as defined by the SAR turning bullish.