Bitcoin price metric that called 2020 bull runs flashes ‘buy’ again

摘要： Hash ribbons tell investors to buy BTC again for the first time in five months as BTC price consolidates below $20,000.

▲圖片標題(來源：cointelegraph)

An “elegant” Bitcoin (BTC) metric that predicted its run to $12,000 in August has flashed bullish again for the first time since July.

As noted by creator Charles Edwards on Dec. 3, the Hash Ribbons indicator is now signaling for buyers to enter the Bitcoin market.

Bitcoin coils up below $20,000

The signal comes as Bitcoin continues to range below $20,000, having seen considerable volatility while getting rejected at just above all-time highs.

Major selling pressure remains, while conversely, successfully overcoming resistance would give Bitcoin a clean sweep to the likely next level of resistance at $22,000, exchange orderbook data shows.

At press time, BTC/USD circled $19,300, having been unable thus far to retake $19,500.

轉貼自： cointelegraph

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