Bloomberg: Key Indicators Show Bitcoin Price Could be Losing Steam

Cointelegraph

Published Mar 12, 2019 09:35PM ET

Bloomberg: Key Indicators Show Bitcoin Price Could be Losing Steam

Key price movement indicators show that Bitcoin (BTC) could be heading for another move downward, according to a recent report from Bloomberg on March 12.

The report states, “Technical gauges signaling long-term buying demand for Bitcoin are deteriorating” and as such, buying pressure could increase. Bloomberg notes that the seminal crypto’s Moving Average Convergence Divergence (MACD) indicator has been moving downward since mid-February.

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