Bitcoin Watch – Yahoo finance: Bitcoin’s recent stumble could turn into a full-blown tailspin

11 September, 2018

Yahoo finance believes Bitcoin’s recent stumble could turn into a full-blown tailspin, testing its strong support level of USD6,000 again. Bitcoin has dived to around the USD6,000 mark four times since Feb2018, and according to the GTI VERA Convergence Divergence indicator, which detects trend reversals and exhaustion, just ended its longest buy streak since July. According to Yahoo this pattern suggests more losses and pain for Bitcoin investors could be on the horizon. Bitcoin remains at the USD6,300 mark at time of publishing.

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