Bitcoin Bull Narrative Gains Strength as Key Sell Signal Dissipates

News BTC | Dec 7, 2019 at 12:00 PM
  • As reported by NewsBTC just days ago, the opening month was harrowing for Bitcoin (BTC) for one reason: the open of the December candle for the cryptocurrency’s price triggered a “sell” signal on the Market God v7 indicator, designed by crypto analyst Thies.
  • The last time this took place was in May of 2018, prior to Bitcoin’s extended bearish move from the $10,000s to the $3,000 in the seven-odd months that followed.
  • He looked to a recent analysis from Deutsche Bank.