Key technical parameters indicate that the price of bitcoin (BTC), probably, has groped “a bottom” and is committed to short-term increases. This opinion was expressed by analysts Bloomberg.
GTI Global indicator Technical Strength Indicator is 35.6, which is the lowest level since December and is “approaching the levels of resale”. The parameter means that the price of BTC has received strong support at the $3000-$3100 and stabiliziruemost at $3500.
Bloomberg admitted the possibility of a short-term rally based on the indicator GRI VERA Trend Signals used to determine price trends in multiple time periods.
Although on 22 January, the value of the index VERA broke the lower border, the price of BTC played the fall and returned to trading at a level slightly higher than the lowest rate VERA. According to Bloomberg, this also indicates the imminent onset of “rally”.
According to the forecast of the Agency, Weiss Ratings, in 2019 bitcoin will continue the process of becoming a “digital gold” and beat new records.
In early January, investor Jeffrey Gundlach, known as the “King of bonds”, said that the price of BTC in the coming months will rise to $5 thousand.
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