This Signal Has Preceded Some of Bitcoin’s Largest Rallies, and It Just Flashed Again

February 18, 2020 | By | Reply | 28 Readers More

The past few days have been turbulent for Bitcoin (BTC), with the cryptocurrency plummeting from highs of $10,500 to lows of $9,500, which is the level at which it has been able to find notable support at.

This support has led the cryptocurrency to enter a bout of sideways trading at just under $9,700, and it now appears that this consolidation could be followed by a major upwards movement.

This movement could be driven by a recently formed golden cross that BTC has been able to post, with this very same formation being formed in the time prior to Bitcoin’s rally from lows of $300 in October of 2015, and before its rally from $5,400 to $13,800 in April of last year.

Bitcoin Enters Consolidation Phase as Volume Dwindles 

At the time of writing, Bitcoin is trading down just over 2% at its current price of $9,670, which marks a notable decline from recent highs of $10,500 that…

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