Crypto Analyst Says Bitcoin Price At A ‘Critical Point’ — What’s Happening?

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Crypto Analyst Says Bitcoin Price At A ‘Critical Point’ — What’s Happening? - NewsBTC

Quick Summary:

According to the analyst, the flagship cryptocurrency’s price is at a "critical point.” Related Reading: Dogecoin Bullish Signal: Whales Make $1.08 Billion Net DOGE Purchase The rationale behind this claim is Bitcoin’s action around the 50-day moving average (50MA) on the daily price chart.

However, the analyst noted that a sustained close above the 50-day moving average could invalidate the bearish projection for Bitcoin and perhaps signal the end of the ongoing price correction.

According to a prominent crypto analyst on the social media platform X, the current price setup suggests that Bitcoin is currently at a pivotal juncture.