Bitcoin bear market momentum sparked a record crash below the 200-day simple moving average as analysis expected BTC price "mean reversion" next. Bitcoin (BTC) rebounding is now “highly probable” as BTC price action sets another bearish record. Key points: Bitcoin has never traded so far below its 200-day moving average, data shows. Read more
Bitcoin price analysis hinted that the correlation between BTC price action and M2 money supply may end in a repeat of the late 2020 bull run. Key points: Global M2 money supply could send Bitcoin to $500,000 if it repeats its 2020 expansion. The price increased six times after the worldwide COVID-19 money printing spree. Read more