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Bitcoin Trader Insists The Bull Market is Not Over Despite Recent Pullbacks

Published 05/02/2024, 09:30 PM
Updated 05/02/2024, 09:45 PM
© Reuters Bitcoin Trader Insists The Bull Market is Not Over Despite Recent Pullbacks
BTC/USD
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  • Bitcoin trader known as “Titan of Crypto” has stated that the bull market is not over.
  • The trader used data from the BTC/USD daily chart to show there is still momentum in the Bitcoin uptrend.
  • Bitcoin broke below significant support early this week, dropping below the critical $60,000 level.

A famous Bitcoin trader identified as Titan of Crypto on X has stated that the bull market is not over. In a recent post, the renowned trader used data from the BTC/USD daily chart to show there is still some momentum in the Bitcoin uptrend amid several calls for the beginning of a bear market from some crypto users.

Titan of Crypto’s post comprised a screenshot of the BTC/USD daily chart with a pair of moving average indicators superimposed on the chart. He identified the indicators as MA111 and MA350*2.

In his analysis, the trader spotted a couple of significant areas on the chart where BTC …

The post Bitcoin Trader Insists The Bull Market is Not Over Despite Recent Pullbacks appeared first on Coin Edition.

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