Analyst sets Bitcoin’s next key move before confirming a new all-time high
Bitcoin (BTC) is still aiming to break past the $60,000 resistance during a period of price consolidation, with investors awaiting signs of a bullish breakout. Amid current market sentiment, Cycles Fan’s Analysis in an X post on August 18 pointed out that Bitcoin might be primed for a new high by the end of the year. However, the cryptocurrency must overcome several hurdles to validate this bullish outlook. The expert emphasized the importance of Bitcoin’s interaction with the 50-week moving average (MA). Last week’s bottom around this critical technical level closely resembles the price action seen in June and July 2021, preceding a significant rally in Bitcoin’s price. Picks for you AI analyzes 10 bearish things about Solana before buying SOL 42 mins ago ...