Cryptocurrencies

Crypto Technicals Flashing ‘Buy’ as Digital Diehards Begin Anew

Bitcoin buying pressure indicates price may continue to rise
Ether has risen more than 80% since its mid-December low

Lou Kerner, Crypto Oracle Strategic Advisory founding partner, discusses the year ahead for cryptocurrencies.Daybreak: Australia." (Source: Bloomberg)

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By Vildana Hajric and Reade Pickert

January 2, 2019 at 5:31 PM UTC

This article is for subscribers only.

After a punishing year, cryptocurrency enthusiasts looking for a fresh start in 2019 are being greeted by some positive technical signals.

The GTI Vera Convergence Divergence indicator is suggesting Bitcoin is in its longest buying streak in six months. Should buying pressure persist as it has over the past 13 days, Bitcoin could continue to see a rise in prices following last year’s 74 percent decline, the measure predicts.