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Crypto reaches 200-week moving average, Ivan Liljeqvist notes

Crypto reaches 200-week moving average, Ivan Liljeqvist notes
Crypto hits 200-week moving average again

Ivan Liljeqvist stated that the crypto market has experienced capitulation and touched the 200-week moving average again. He also characterized the current situation as possibly marking a bottom and used phrases such as 'Valhalla' and 'bull mania' to convey his outlook.

Liljeqvist previously described a 15 percent decline in BTC as a normal pullback in a bull market, cautioning against bearish reactions. He has also reiterated his bullish outlook on Bitcoin, stating a preference for following the prevailing trend. His recent comments continue a consistent tone regarding market cycles.

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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