1 min read
Add as a preferred source on GoogleBitcoin Tests 50-Day Average After Rally as Doctor Profit Sees Support
Doctor Profit said Bitcoin had not revisited the indicator after reclaiming it and rallying. He expects the latest test to hold as support.
Mentioned assets
Bitcoin (BTC) has returned to its 50-day moving average after climbing above the level and rallying, putting the focus on whether the average will hold as support.
Trader Doctor Profit said Bitcoin had not come back to the average since reclaiming it after a previous low. He views the latest move as a retest of that level.
Doctor Profit expects the average to remain support and Bitcoin to move higher from its current level.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.