According to a report in Bloomberg, an indicator published by Divergence Analysis (DVAN) may be giving positive signals for the future, declining Bitcoin, the largest cryptographic currency in the world since the beginning of 2018.
The Buy and Sell Print Indicator suggests that Bitcoin's sales trend could end up in the short run, which could lead to Bitcoin's price hike.
From a technical point of view, Bitcoin's price can go against the downside and trend lines, . The last time these lines were coincided on April 13, Bitcoin's price increased by about 22 percent to $ 9,600 on May 4 from $ 7,903.
On Friday, these two lines stood again and Bitcoin's price was about 2 percent
According to the data obtained from Coinmarketcap, the price of Bitcoin is currently around $ 6,384.
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