According to Bloomberg’s analytical research, the biggest crypto Bitcoin (BTC) still has chances to rise in a long-term perspective.
Bloomberg states:
“A look at the long-term trend lines in Bitcoin’s Directional Movement Index (DMI) shows it entered a new bullish phase. The digital token could see a rise as it approaches year-end.”
Bloomberg also highlights that the price trends “broke out of their VERA band upper limit, widely considered an encouraging sign.”
Previously, the head of BitMEX, Arthur Hayes, claimed Bitcoin may continue to face the same level of volatility and the volume could fall further during the next year.
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.