Bitcoin's Price Action Is Encouraging, But It May Not Signal Bottom: Traders – CoinDesk

Bitcoin's Price Action Is Encouraging, But It May Not Signal Bottom: Traders – CoinDesk

“As we have seen three attempts this year that eventually failed, we need to wait for bitcoin prices to trade above their 21-week moving average ($20,851) in order to call for a sustainable rally and a cyclical low,” Markus Thielen, head of research and strategy at crypto-services provider Matrixport, said.


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