Spurred by the recent flood of spot Bitcoin ETF applications from Blackrock and Fidelity among others, Bitcoin vaulted impressively up to the $30,000 area where its momentum has stalled in recent sessions. While many analysts and traders routinely acknowledge the significance of the $30,000 level as a key resistance area, Bitcoin’s move back above its 20-month simple moving average (20-month SMA) may deserve far more attention than it’s getting. With Bitcoin poised for a potential major buy signal as soon as July 1st, let’s take a closer look at this underappreciated signal. The Simple Line Separating Bull And Bear Phases
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Author: coinmaker