Bear Cross on Key Indicator Could Push Bitcoin Price to $7,300

Cointelegraph | Oct 20, 2019 at 6:55 AM
  • At the moment, not too much is happening with Bitcoin’s (BTC) price action.
  • The news of Bakkt Bitcoin futures trading volume increasing by 796% failed to positively impact Bitcoin price and Fidelity Investments’ announcement that it has launched crypto custodial services also did little for the market.
  • Some traders have pointed to the bullish divergence currently seen on the daily moving average convergence divergence (MACD) as a sign of positive price action for Bitcoin but the MACD is also on the verge of dropping below the signal line.