Bitcoin Poised for a Big Break

A technical gauge is pointing to an imminent and significant shift in the price of Bitcoin.

The GTI VERA Bands Indicator shows Bitcoin may be on the brink of a big move, according to Bloomberg. Whether the move is above or below BTC’s key level of $4,000 remains to be seen.

Travis Kling, the founder of crypto hedge fund Ikigai, says he doubts Bitcoin has found its bottom.

“It’s unlikely that the bottom is in for Bitcoin. I am certainly willing to change my mind, but the preponderance of evidence leads us to believe that we’ll see more lows before we head higher.”