A technical indicator this week, the parabolic SAR, seems to have turned Bitcoin bullish.
This is how Investopedia defines the parabolic SAR:
“A dot below the price is deemed to be a bullish signal. Conversely, a dot above the price is used to illustrate that the bears are in control and that the momentum is likely to remain downward. When the dots flip, it indicates that a potential change in price direction is underway.”
Well, the dot flipped and Bitcoin rose in value.
Consider buying before a bull run takes Bitcoin to the moon.
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