We still see Bitcoin moving higher and reaching YTD highs above $12000 as it has strong upward momentum and the 50 and 100 day moving averages are above the 200 day moving average. Increased demand for cryptocurrency as a safe haven and Bitcoin being more accepted by institutional investors could see prices increase in the coming months.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.