The Bitcoin price bottom is “near,” but the largest cryptocurrency still shows signs of being “overbought,” new research released October 1 claims. Understanding ‘What’s Going On’ In the latest installment of his ‘Bitcoin Value Indicator,’ tech commentator Hans Hauge brought together multiple factors to create an overview of the Bitcoin price which he says allows investors to “understand what’s going on.” Hauge notes that increasingly strong technical fundamentals are contrasting with continuing price deflation, suggestingRead MoreThe post Bitcoin Value Indicator Says Price ‘Still Overbought’ But Bottom ‘Near’ appeared first on Bitcoinist.com.
