According to a recent analysis done by Byzantine General, the SuperTrend indicator for the one-week Bitcoin chart has flipped red, meaning bearish, after a multi-month bullish period seen earlier this year. As the trader illustrated in the chart seen below, the last two times the SuperTrend turned red on the weekly Bitcoin chart led to...

The post Bitcoin’s “Supertrend” Flips Red as Price Fails to Surmount Low-$7,000s appeared first on NewsBTC.

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