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Crypto Indicator Suggests Bitcoin Selling Trend…

“A Bitcoin technical trend indicator may be signaling a price increase for the number one cryptocurrency after what has been a tough year for it” writes Rebecca Campbell for Notably, while it wasn’t a massive jump in price, Bitcoin rose two percent on Monday to $6,693.In a report from Bloomberg, the Divergence Analysis Inc.’s (DVAN) Buying and Selling Pressure Indicator, which charts the coin’s current price, trend line, and ideal exit points, is suggesting that the selling trend that started on May 14th could be ending soon.According to the report, when the stop and trend lines cross, the price of Bitcoin may experience a reverse in price.Yet, while the price of Bitcoin may be in a rut right now, it may soon see a positive turn.

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