Bitcoin price news: Impending Bitcoin price SURGE as key indicator hints BULLISH trend |…

The world’s biggest cryptocurrency has been down more than half so far this year but recent measurements, including a key volatility indicator, suggest the digital asset may be in for a swing in either a bullish or bearish direction.

At the time of writing, the commodity is worth £5,000 – up slightly from the same time yesterday.

An incremental price increase of 3.63 percent over the last seven trading days could signal there is still a bright future for the digital asset.

A leading technical indicator, a combination of the relative strength index (RSI) and momentum studies, shows the momentum gauge has crossed the RSI gauge, Bloomberg reports.

The shift, determined by an analysis of RIG trend lines, could indicate a positive price upswing is imminent.

Bitcoin’s price rose the last time the gauges crossed, in a potential sign of things to come.

It is the fourth time the momentum gauge has crossed the RSI gauge in 2018 – on each occasion, Bitcoin’s price rose.

In mid-August when the…