Is This A Bitcoin Bull Trap? Not So, According To Lesser-Known Price Indicator

April 21, 2018

 

 

Is the reversal of a lesser-known Bitcoin (BTC) price indicator signaling a bull trap? The indicator in question, ETH/BTC, which tracks the value of ether against bitcoin, has been behaving strangely lately. In the past, the rise of Ethereum (ETH) against Bitcoin has been greeted as a negative sign for bitcoin, one that signals more traders are willing to exchange bitcoin for ether, the world's second-largest cryptocurrency. But, this time bitcoin is leading the way.

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