Bitcoin and cryptocurrency investors who have weathered the so-called crypto winter have been somewhat cheered by a positive start to 2019, with many eagerly looking forward to major global stock exchanges offering bitcoin futures contracts and the highly-anticipated Bakkt bitcoin platform. Now, new technical analysis suggests bitcoin could be about to leap higher after months of declines. The GTI Vera Convergence Divergence indicator, which investors use to detect trend reversals, shows that bitcoin is in its longest "buying streak" in six months, Bloomberg earlier reported. When the GTI Vera Convergence Divergence indicator has previously pointed to potential buy signals, bitcoin has climbed for around a month. The bitcoin and wider cryptocurrency bear market forced Lubin to make changes at his company ConsenSys last year.

Source: Forbes January 04, 2019 02:15 UTC