Bloomberg: Bitcoin technical indicators indicate further decline

The report in Bloomberg indicated that the technical indicators of Bitcoin indicated a further decline. Bloomberg analyst McGlone, “Institutions’ for a while it may be best to stay away from this,” they said.

According to the news in Bloomberg after a challenging year for Bitcoin techniques, 2019 does not go well.

The biggest crypto money caught a strong sales trend. According to the Directional Movement Index, Bitcoin is experiencing the strongest sales wave since mid-July when it fell to $ 6,600 in July from $ 9,300 in May.

In addition, the Average Directional Index or ADX, which is an increasing technical indicator when the negative sales trends are strengthened, are the highest since July. The index is currently at about 47, and if it rises above 50, this will be the first time in 2018.