Bitcoin Price Could Avoid New Lows As Analyst Points To Historical Pattern
Bitcoin price has come under renewed pressure following its latest market decline, but one prominent analyst believes historical data offers a reason for cautious optimism. Galaxy’s head of firmwide research, Alex Thorn, has identified a technical pattern that previously appeared during two major Bitcoin market recoveries, suggesting the cryptocurrency could avoid establishing fresh bear-market lows. […]
Key Takeaways
- Bitcoin price has come under renewed pressure following its latest market decline, but one prominent analyst believes historical data offers a reason for cautious optimism.
- Galaxy’s head of firmwide research, Alex Thorn, has identified a technical pattern that previously appeared during two major Bitcoin market recoveries, suggesting the cryptocurrency could avoid establishing fresh bear-market lows.
- Read the full article for additional context and details.
Summary generated by IndiCrypto from Bitcoinist. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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