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The Daily Hodl 2019-11-06 14:15:03

Crypto Alert: Bitcoin (BTC) Is Overheating With Significant Pullback Likely, Reports Bloomberg

A technical indicator designed to identify where assets are heading based on the movement of the daily close suggests Bitcoin is likely to soon pull back. The Global Strength Indicator shows BTC is entering overbought territory, reports Bloomberg. BTC’s current trajectory mirrors the leading cryptocurrency’s movements in August just before its price fell from about […]The post Crypto Alert: Bitcoin (BTC) Is Overheating With Significant Pullback Likely, Reports Bloomberg appeared first on The Daily Hodl.

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