Bitcoin Watch – Is the next bull run really coming?

Bloomberg recently published a new analysis of RIG trend lines related to Bitcoin. The trend lines represent a potential technical indicator of positive price movements in financial assets.

“This is the fourth time the momentum gauge crossed the RSI gauge this year; each was followed by a rise in Bitcoin’s price. The last time this occurred, in mid-August, the cryptocurrency’s price rose by 21 percent over the next three weeks”, Bloomberg said.

Due to the pattern, Bloomberg has suggested that a new bull run could be imminent for the cryptocurrency in the near future.

Stay updated here with how the cryptocurrency is tracking: