Bitcoin Recovery Trend Continues: Analysts Share Expectations

The leading cryptocurrency, Bitcoin (BTC), continues to recover following incidents related to Binance and Coinbase, as experts disclose their expectations for the currency. Bitcoin Expectations! The BTC/USD pair has charted a significant long-term trend line near $26,500. Following sudden volatility surrounding industry news, the pair returned to horizontal trading after bouncing from the lowest levels in three months. Now, the 200-week moving average (WMA) has become a critical focus point. Trading group Decentrader stated in a part of the day’s analysis: We are sitting right above the 200WMA. Decentrader opted for a cautious short-term perspective, warning of a growing long/short ratio on exchanges and potential selling at the start of the US trading session. Popular analysts, including Crypto Tony, remain on the sidelines until a clearer trend emerges. In recent comments to his Twitter followers, he said: This is the structure I’m watching in Bitcoin right now, and I stay […] The post Bitcoin Recovery Trend Continues: Analysts Share Expectations appeared first on COINTURK NEWS.