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Bitcoin at 200-week moving average with trend still bearish, Ivan Liljeqvist warns

Bitcoin at 200-week moving average with trend still bearish, Ivan Liljeqvist warns
Bitcoin trend bearish as downside possible

Ivan Liljeqvist expressed renewed bullishness on bitcoin, despite stating that the trend remains bearish.

He noted that although he previously turned bearish and sold all holdings in October, he is now slowly dollar cost averaging back into bitcoin. Liljeqvist highlighted that the asset has not surpassed prior highs and suggested further downside is possible, with bitcoin currently at its 200-week moving average.

Earlier, Liljeqvist cited Bitcoin's bullish outlook, pointing to growing ETF inflows and prospects for rate cuts in a recent note. He also described Bullmania SPCX as safe and positioned for purchase when a bullish trend returns, according to a separate update. These views reflect Liljeqvist's continued monitoring of trend shifts in digital assets.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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