Bitcoin May Need to Reclaim Long-Term Trend Before Record Test
Edited by Steinar Vigdel Kolnes, Editor, Oslo
CryptoQuant’s market cycle signals suggest Bitcoin could revisit a key moving average before attempting to reach new highs, according to Cointelegraph.
Bitcoin’s path toward another record high may first involve reclaiming a long-term trend line, Cointelegraph reported, citing CryptoQuant’s market cycle signals tool.
The tool indicated that recent BTC price movements resemble historical patterns. That comparison points to a possible attempt to recover a key moving average associated with the 20-month trend.
The analysis presents a potential sequence rather than a confirmed outcome: Bitcoin could regain that level before testing new highs. The historical resemblance alone does not establish that the pattern will repeat.
Source: Cointelegraph
