05-02-2020 16:52 via newsbtc.com

Bitcoin Could Hit $13,000 by April 2020, Macro Indicator Shows

Bitcoin could retest the $13,000 range in the next two months, according to a macro technical indicator.
The cryptocurrency’s monthly chart shows that it was trending downwards inside a ‘Falling Wedge.’ It formed lower highs and lower lows, leading to the formation of a contracting price range. As it did, the monthly trading volume of bitcoin also dropped lower, as shown in the graph below.
Comparing two XBT/USD Falling Wedges | Source: TradingView.com, BitMEX
Heading into Janu
Read more »