Analysis: Bitcoin retests 50-week moving average, on the verge of a three-month winning streak

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PANews
09-15
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PANews reported on September 15 that according to Cointelegraph, crypto analyst Titan pointed out that Bitcoin recently retested a key support level on the weekly chart, which could rebound to above $90,000. In previous cycles, when the price retested the 50-week simple moving average, it rebounded by at least 40%. The average rebound rate is 71%. If BTC rises 71% from here, it could reach $92,000.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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