If Bitcoin Doesn’t Break Records Immediately, It Wouldn’t Be The Worst, Trader Postulates By Cointelegraph

If Bitcoin Doesn’t Break Records Immediately, It Wouldn’t Be The Worst, Trader Postulates

After its surge above $ 40,000, and a correction back to almost $ 30,000, (BTC) has rallied once again. However, stopping before climbing back past highs near $ 42,000 could be good for the asset, according to Brian Krogsgard, a trader and podcaster who goes by the name of LedgerStatus on Twitter. “Bitcoin’s correction was healthy in a strong bullish environment, which means going back to the 20-day moving average,” Krogsgard told Cointelegraph on Thursday. “With a strong rebound now, it’s time to see if it will continue to the upside immediately, or spend more time in a prolonged consolidation, which I think would be healthy.” Source: TradingView.com Continue reading on Coin Telegraph

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