Bitcoin may seek 20-month trend line reclaim before new record highs: CryptoQuant
Bitcoin’s market cycle signals tool showed BTC price action copying history, possibly preparing to reclaim a key moving average before testing new highs.
Bitcoin is attempting to break through an “inflection frontier” that has historically triggered runs to new macro highs.
Key points:
Data from onchain analytics platform CryptoQuant reveals that BTC/USD has begun a fresh battle with its 20-month simple moving average (SMA).