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Bitcoin Technical Sign Suggests Selloff May Be Almost Over

  • Indicator that detects trend reversals shows exhaustion
  • Biggest cryptocurrency has tumbled more than 50% this year
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Bitcoin Has the Makings of a Bubble, Says Seifried

Bitcoin believers may be able to breathe a sigh of relief: A key technical signal could augur the end of the latest selloff.

The GTI VERA Convergence Divergence Indicator looks poised for a trend reversal that would benefit Bitcoin bulls. The last time this signal pointed to a reversal, Bitcoin surged 39 percent the following month.