2024-07-16 11:54:07 ET
Summary
- Bitcoin appears to have bottomed after testing its 200-day Simple Moving Average, positioning it for a large rally.
- Short term resistance at $60k has been surpassed, with the next level at 65k.
- Monthly chart projections suggest a potential rally to $300k.
- Bitcoin continues to evolve as a new form of value storage.
As anticipated by my last article , Bitcoin ( BTC-USD ) appears to have bottomed after testing its 200-day Simple Moving Average in much the same way as it did in September, leading to a large rally....
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For further details see:
Bitcoin May Now Be Starting Its Next Bull Run To $100K And Beyond