Tread CarefullyHowever, Bitcoin is currently experiencing prolonged horizontal price action following a full retracement from the highs of its most recent failed rally. Generally speaking, horizontal consolidation provides something like a 50/50 chance that the price will go either up or down. It would be wise to exercise caution when considering entering a position here, as the market is prone to dramatic and manipulative swings in price. Proper research and trading practices — such as setting appropriate stop-losses — is always a good idea. What do you think about the GTI VERA Convergence Divergence Indicator? Do you think it is a useful tool for predicting trend exhaustion? Let us know your thoughts in the comments below! [Disclaimer: This article is not intended as financial advice. Investing in cryptocurrency is risky. Neither the author nor BeInCrypto is responsible for any financial gains or losses. Readers are urged to always do their own research and exercise extreme caution.]
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