Flattening Moving Average Puts Bitcoin Price Target at $9K in Q2

The short-term moving average on Bitcoin’s daily chart is flattening out. The phenomenon comes after the cryptocurrency hits the highest level since mid-March sell-off. Coupled with favorable fundamentals, such as halving, the MA indicates an extended bull run towards or beyond $9,000. A lagging technical indicator that determines bitcoin’s near-term market bias has flattened out…
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Author: toutiao