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Bitcoin on track for new records in 2019

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Bitcoin is about to record its best performance for 2019 so far, squeezing from a period of several consecutive quarters of absolute creep and wiping out market capitalization.

The largest digital currency rose 1.6 percent to $ 4135.60, a top-of-the-line performance since last December. Alternative digital currencies also started a strong rally. Dash is up 31% and Monero is up 10%.

Bitcoin is approaching its best performance on December 24th. Then when the sale to the US markets stopped.

The recovery in digital tokens is so gradual that the 30-day volatility has plunged to levels seen before the craze in 2017 when the price jumped to nearly $ 20,000.

Upward movement provides the opportunity to unveil a new upward trend, which is also detected by the GTI VERA Convergence Divergence Indicator, a tool used by traders who track the historical cost to predict the future direction. According to the indicator, the upward movement may be expected, with the last such buy signal followed by a 17% jump in price in less than two months.

Source: Bloomberg Finance L.P.

Graphs: Used with permission of Bloomberg Finance L.P.


 Trader Martin Nikolov

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