Fundstrat’s head of research asserts that Bitcoin has crossed its two hundred day moving average. This move represents a notable market move, and supports evidence that the leading crypto-asset will experience big gains this year.
A Bitcoin Bull Market Has Begun, Says Lee
Thomas Lee, the Head of Research at Fundstrat Global Advisors, has tweeted his latest analysis of Bitcoin’s recent price movement, along with claims that the flagship cryptocurrency appears to be in a recovery. Lee bases this claim on Bitcoin’s 200-day moving average, which has now been crossed. Notably, this move is a strong indicator of an emerging bull market.
Bitcoin moved back above its 200-day moving average on 1/27… positive milestone and reinforcing 2020 shaping up to be great year for $BTC #bitcoin
– whenever BTC >200D, win-rate (6M forward) jumps…
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