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What’s Next for Bitcoin? – Bitcoin Magazine

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The under is a free, full excerpt from a latest version of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets e-newsletter. To be among the many first to obtain these insights and different on-chain bitcoin market evaluation straight to your inbox, subscribe now.

In as we speak’s Bitcoin Magazine Pro, we’ll cowl the traditionally important 200-week transferring common in addition to cowl the weekend worth motion and spinoff market actions.

Bitcoin is presently under its 200-week transferring common, which has solely occurred 4 instances all through bitcoin’s historical past, marking important cyclical bottoms, however none have occurred through the distinctive financial state of affairs we discover ourselves in as we speak. Although as we speak and this previous weekend probably will appear to be prime accumulation alternatives 5 years from now, it’s tough to conclude that the worst is over and it is up solely from right here, with probably extra cryptocurrency-native contagion and macro headwinds forward. Regardless of the ugly macroeconomic backdrop (which the market has undoubtedly been pricing in for the final six months), a easy take a look at the 200-week transferring common to construct a framework for bitcoin accumulation has served previous market members extraordinarily properly. 

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