Overall, the outlook for Bitcoin is positive. There are a number of technical factors that suggest Bitcoin is poised for a move higher. For example, Bitcoin has recently broken out of a long-term downtrend and is now trading above its 200-day moving average. This is a bullish sign that suggests Bitcoin is likely to continue to move higher in the near term.
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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.