What's coming for Bitcoin? According to some optimist analysis, a bull run towards $40K seems feasible.
Bearish signals were already in for the pair after it sawAmid suspicions over whale movements on exchanges, monitoring resource Material Indicators concluded that the 200-week moving average at $25,100 needed to become support for Bitcoin to change its long-term trend.
“IMO, until we see full candles above the 200 WMA this is still distribution in a bear market rally, and with the bid wall above $24k, shorting from this level has about as much short term risk as longing,” itAn accompanying chart of the Binance order book showed liquidity moving closer to spot price prior to the Wall Street open.
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