Bitcoin may seek 20-month trend line reclaim before new record highs: CryptoQuant

Bitcoin’s market cycle signals tool showed BTC price action copying history, possibly preparing to reclaim a key moving average before testing new highs.

Bitcoin is attempting to break through an “inflection frontier” that has historically triggered runs to new macro highs.

Key points:

Data from onchain analytics platform CryptoQuant reveals that BTC/USD has begun a fresh battle with its 20-month simple moving average (SMA).

Read more