[ad_1]
The directional movement index has crossed positive territory for the first time since mid-November, ending the "very strong" series of sales of Bitcoin, as indicated by an average direction index over 50 years. Photo: Bloomberg
New York: Bitcoin has climbed over $ 4,000 for the first time this year, helping push the volatile cryptocurrency into positive territory after a brutal 2017 that saw investors lose over 70%.
The largest digital currency gained 6.4% to $ 4.077 in New York. Other tokens were mixed, with Litecoin jumping up to 22% and Ether declining by around 1%.
A technical measure followed by operators indicates that there may be more gains. The directional movement index has crossed positive territory for the first time since mid-November, putting an end to Bitcoin's "very strong" sales series, as indicated by an average direction index above 50. It should now enter a new phase of positive purchase. This could be the beginning of the next period, as positive trends are usually followed by price increases, suggests technical analysis.
