Bitcoin, Ethereum Confirm 'Cyclical Bottom' but $83,000 Is the Key Level, Says Technical Analyst
Market / Price
$83,000 is the last level standing between Bitcoin (CRYPTO: BTC) and a confirmed new bull market, according to widely-followed cryptocurrency technical analyst Nik. What the Bitcoin Weekly Chart Shows Nik wrote in his 90th Market Outlook on Substack that Bitcoin's 20% weekly surge off the 200-week moving average at $64,500 was one of the most decisive technical breaks of this cycle.
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