RATE Group | This Odd Factor Suggests Bitcoin’s Bull Case is Rapidly Building After 20% Drop
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This Odd Factor Suggests Bitcoin’s Bull Case is Rapidly Building After 20% Drop

01 Mar This Odd Factor Suggests Bitcoin’s Bull Case is Rapidly Building After 20% Drop

Posted at 03:42h in Bitcoin News by

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After Bitcoin started to tank earlier this week, analysts have been wondering at which point the cryptocurrency will bottom. While traders across the board are divided about the exact answer to this pressing question, there is a rapidly-building case that BTC will soon start to trend higher once again after the nearly 20% drop it has experienced this far.

Litecoin Prints Signs of Bottom, Boding Well for Bitcoin

Prominent cryptocurrency trader Big Cheds recently identified that Litecoin is seemingly “working on a potential triple bottom,” marked by consolidation around a central price point and divergences with the four-hour on-balance volume and relative strength index indicators.

This confluence should see Litecoin start to break higher in the coming days as the divergence plays out.

So why is this relevant for…

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