A key technical indicator suggests that Bitcoin (BTC) has reached its longest buying history since July, Bloomberg said.
According to a new report from Bloomberg, the GTI VERA Convergence Divergence indicator shows that the Bitcoin price could rise further in the short term.
The GTI VERA Convergence Divergence Indicator is designed to detect market reversals and exhaustion. He uses the typical Moving Average Convergence Divergence (MACD) and tries to remove noise. It uses a proprietary theory called Volatility Explosion Relative Adjusted (VERA).
Bloomberg analyst Mike McGlone says the upward pull on prices may be tied to the turn of the year. He expects a potential rally to be short-lived.
“Reducing these sales is a good reason for a temporary recovery. One wonders now how long this short-term jolt will hold up in the markets. After that, the longer-term bear market is likely to resume. “
One of the leading trading platforms in Europe for Bitcoin is eToro. Their senior market analyst Matti Greenspan says he sees much upside potential in the Bitcoin price.
“Usually, it's best to buy low and sell high. So if we turn to the technical analysis, we can see very well on the graph that we are much closer to the ground than at the top. “
Ripple XRP News
The expansion of Ripple XRP as a base pair continues in the new year. The Singapore-based crypto exchange Bitrue adds five new XRP-based pairs: Tron, Stellar, NEO, GAS and OmiseGo.
Ripple XRP is already linked to Bitcoin Cash, Ethereum Classic, Gemini Dollars, Cyber-Network, Chainlink, Litecoin, Gifto, Paxos, QuarkChain, TrueUSD, Bee Token, Wanchain, Waltonchain and 0x.
Tron's Head of Protocol believes the platform's development team has grown exponentially.
Nine months ago, Tron had only two full-time programmers, according to Marcus Zhao, a number that has since risen to 40.
“They come mainly from reputable internet companies like Alibaba and Baidu. At the very beginning, eight, nine months ago, our team had only two people …
“Our team was also divided into three smaller groups, including the IT Architecture Team, the Algorithm Team, the Virtual Machine Team, and the Smart Contract Team. Since then we have seen a big leap in the quality of our code and our public blockchain is becoming more stable by the day. “
The Tron platform's focus, according to Zhao, is on increasing speed and scalability, as well as creating a thriving network of distributed applications (DApps).
Author: Peter Joost – Source Post: https://www.kryptovergleich.org/bloomberg-sie-kaufsignale-bei-bitcoin-kurs-und-altcoins-ripple-xrp-bekommt-neue-basispaare-und-tron-expandiert/
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