The journey to a new all-time high begins with a single step. Two moving averages need to flip before we have a shot at seeing another Bitcoin ATH.
) may have rebounded strongly in recent days, but its journey to new highs is only just beginning — and far from guaranteed, a new analysis suggests.two key targets BTC/USD must reclaim as support for bulls.Despite being up 13% in a week on Wednesday, Bitcoin is still far from November’s peak of $69,000.
Right in the middle of those two price points are two moving averages, and so far, Bitcoin has not won them back as support levels. In order to have another shot at beating the highs, he argues, this must become reality.
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