Cryptocurrencies
Bitcoin Indicator Flashes First Sell Signal in Nearly Two Months
- Technical gauge suggests further downside could be ahead
- Crypto market roiled by allegations against Tether, Bitfinex
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Bitcoin’s recent rally appears to be losing steam.
The GTI Vera Convergence Divergence indicator, which investors use to detect trend reversals, sent its first sell signal since mid-March. The shift could suggest further downside may be ahead as the coin flirts with its highest levels of the year.