$BTC on the rise, and numerous technical indicators suggest that the tendency will prevail
has delivered an important technical bullish signal that it has not seen in over a year. BTC Guppy, a technical analysis tool, has flipped for the first time in over 12 months. This could be a sign that the cryptocurrency is poised for a significant move higher.
Guppy, also known as the Multiple Moving Average indicator, is used to identify trends on the market. It uses multiple moving averages to help traders identify the direction of a trend and the strength of that trend. The shorter-term moving averages are usually more sensitive to changes in price, while the longer-term moving averages are more stable.The shorter-term moving averages have flipped the longer-term moving averages for the first time in over 12 months.
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