Cryptocurrencies
Bitcoin Pushes Through Key Level That Spurred January Rally
- DVAN Buying/Selling Pressure gauge jumps above resistance line
- March’s 25% decline was the biggest since November 2018
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Bitcoin is struggling to hold onto gains following a prolonged bout of selling, but at least one measure shows that a rally could be ahead.
Based on the DVAN Buying and Selling Pressure Gauge, Bitcoin jumped above a crucial level of resistance, triggering a positive divergence and a buy signal. A similar trend played out in January ahead of Bitcoin’s surge past $10,000.