Bitcoin Hits 8 of 12 Capitulation Signals as VanEck Sees Pain Easing
Click on the link to make sure you make a steady profit in Binance futures trading. Get free Bitcoin trading signals and use the Cornix trading Bot for smart automated trades: https://telegram.me/binancefuturesignal VanEck is seeing Bitcoin nearing accumulation as eight capitulation signals flash. Bitcoin posted a modest recovery on Wednesday, which helped it climb above $64,000. The cryptocurrency is still almost 50% down from its all-time high, but VanEck’s latest analysis revealed that 8 of 12 tracked signals in its “Bitcoin Capitulation Check” are now firing. This suggests that the market may be nearing the end of its correction phase. VanEck said that all 12 signals entered their capitulation zones at some point over the past three months, while BTC itself has spent the past month stabilizing after recovering from its June summer low and may have bottomed near $58,500 on June 30. Meanwhile, US spot Bitcoin ETFs have recorded more than $950 million in net...