Bitcoin Bulls seem ready to run at 200 -day SMA, which could lead to the BTC price around $ 92,000 and invigorate altcoins.
Bitcoin (BTC) has largely remained above $ 80,000 since March 11, which indicates that the bulls do not expect a deeper correction to buy. However, not to propel the price of more than $ 86,000 shows that the Bears have not abandoned and continue to sell rallies.
The weekly Coinshares report shows that the products negotiated in exchange for cryptocurrency (ETP) experienced $ 1.7 billion in outings last week. This brings the total outings of five weeks to $ 6.4 billion. In addition, the sequence of outings has reached 17 days, marking the longest negative sequence since the start of Coinshares records in 2015.
Daily performance of the cryptocurrency market. Source: Corner360
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