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Bitcoin Sees First Buy Signal This Year After Wild Gyrations

  • Prominent investors have come out against Bitcoin this week
  • Data shows Tether, not Bitcoin, is world’s most used token
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As Bitcoin’s price continues to hold above $8,000, a technical indicator is flashing a bullish sign for the first time in nearly a year.

Based on the GTI Global Strength Indicator, a measure of upward and downward movements of successive closing prices, Bitcoin received its first buy signal since December. Its holding of the $8,000 level is adding to further optimism that could catapult the coin higher.