Bitcoin’s Moving Average Crossover Indicates That the Bottom May Be Near

Share Article
The Bitcoin price initiated another rapid decrease on November 22 — reaching lows close to $7000. According to long-term charts and moving averages (MAs), it may be nearing the end of the correction. A short time after this decrease, three million new USDC was minted. It is possible that this was done by a whale in order to make large purchases in a bearish market. In order for this
×

BeInCrypto Premium - Register for FREE now.

BeInCrypto Premium - Register for FREE now.

Upgrade to continue reading

Register Now!
Share Article

Related topics

Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona graduate school of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst.

Follow Author

Make your first deposit and trade now to earn up to $3,000 in rewards!      

Join

UUEX airdrop: Sign up to get 50 USDT, you can Withdraw to Wallet

Sign up

Poloniex.com - Earn up to 30% staking rewards anytime with our mobile app

Install now