Bitcoin Watch: Could Bitcoin be poised for a breakout? The GTI VERA Convergence Divergence Indicator thinks so

Bitcoin is valued at USD6550 at reporting time, with the cryptocurrency remaining relatively stable over the last two weeks. Bitcoin has not dipped below USD6000 since 15-Aug-2018, with it almost eclipsing USD6700 in the morning of 22-Aug-2018.

A new report from Bloomberg, which explores a cryptocurrency technical tool known as the GTI VERA Convergence Divergence Indicator, shows a trend reversal could be near that would benefit Bitcoin bulls. The last time this signal pointed to a reversal, Bitcoin jumped 39% the following month.

Stay updated here with how the cryptocurrency is tracking: