Bloomberg Galaxy indicator gives a signal to buy BTC

Bitcoin on Thursday, April 2, was trading above $6,600; the coin unexpectedly soared by 5% overnight due to strengtheningsupport from the bulls.

At the time of publication of this reviewThe first cryptocurrency rose to $6,650. In the expert community, many believe that Bitcoin was able to break the key barrier at $6,500, and now it is targeting the $7,000 mark.

Bloomberg agency data indirectly confirmstransition of BTC to expansion. The Bloomberg Galaxy indicator, which reflects the dynamics of the behavior of the largest coins (Bitcoin, ether, XRP, lightcoin, Bitcoin Cash and EOS), for the first time in three months, issued a signal to buy BTC.

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The index sent a previous similar signal in early January, and after that the largest cryptocurrency soared above $ 10,000.

#PriceAction

Nice little power of 3 playing out.

1. Accumulate day open in set range prior to the move down
2. Price manipulation below day open
3. Price expansion following the reclaim of set range.

Tweet for reference: https://t.co/HbypuPJIZy#bitcoin pic.twitter.com/h95BfEHotY

- RektProof. (@RektProof) April 1, 2020

The same indicator sent a sell signal at the end of February, when Bitcoin was at $9,000. Let us remember that then in March there was a collapse of the cryptocurrency market.

About the imminent transition to more active accumulationThis is also signaled by the fact that crypto exchanges have recorded an increase in the influx of new users. For example, the Kraken platform alone recently reported an 83% increase in new accounts over the past few weeks.

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