The Bitcoin price has been decreasing since late October. A bullish cross between long-term moving averages (MA) suggests that it might begin an uptrend. However, similarities to the previous time this occurred are somewhat ambiguous.
Charter and investor @davthewave stated that the cross of the aforementioned MAs is giving a bullish outlook in the medium-term.
Do you want to BeInCrypto?
Join our Telegram Trading Community for exclusive trading signals, educational content, discussions and project reviews!
Images courtesy of Shutterstock, Trading View and Twitter.