04-11-2020, 03:49 PM
Macro Economist: Fragile Recovery of Bitcoin May Indicate $2,000 is Next
Following Black Thursday, Bitcoin was on a tear, gaining 50% since that fateful day. BTC was trading at $7.3k, but a rejection at the 50-day moving average, coupled with falling volume, indicated a trend reversal. Not only that, but the failure to break $7.4k suggested that bears have started to seize the initiative. All signs...
https://www.newsbtc.com/2020/04/11/macro...s-nextKind Regards R
Following Black Thursday, Bitcoin was on a tear, gaining 50% since that fateful day. BTC was trading at $7.3k, but a rejection at the 50-day moving average, coupled with falling volume, indicated a trend reversal. Not only that, but the failure to break $7.4k suggested that bears have started to seize the initiative. All signs...
https://www.newsbtc.com/2020/04/11/macro...s-nextKind Regards R