Cryptocurrencies

Bitcoin Appears to Find Support After Bouncing Off $10,000 Level

  • Coin fell below GTI Vera lower limit, signaling possible spike
  • Largest token hovers within $10,000 range over past two weeks
Photographer: Chritophe morin/Bloomberg
Lock
This article is for subscribers only.

After bouncing around the $10,000 price level for the past two weeks, Bitcoin appears to be gaining momentum for a push higher.

The largest cryptocurrency has dropped below the lower limit of its GTI Vera Band Indicator, which measures up and down trends, potentially signaling that a short-term spike could be ahead. The past four times the coin fell below the band, it managed to quickly rally back into the range.