Connect with us

Business

Bitcoin’s Steep Price Discount Seems Similar to March 2020 Bottom – Yahoo Finance

Sentiment may have turned a little too bearish, a feature that is often observed at market bottoms.

Published

on

Article feature image
ADVERTISEMENT

Bitcoin traded at a significant discount to its long-term moving average earlier this week, implying an overstretched bearish move and potential for reversal higher.
The cryptocurrency dropped to nearly $30,000 on Tuesday, pushing the ratio to its 20-week…

Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

Article feature image
IKEA Under Fire for Fried Chicken, Watermelon Menu Items for Juneteenth – TMZ
Article feature image
Amazon and Walmart dominate apparel sales, but are after more fashion clout – CNBC
Article feature image
Why There Is No ‘Taper Tantrum’ This Time Around – The Wall Street Journal