Markets· ★★★· neutral· October 16, 16:22

Bitcoin may need to reclaim 20-month trend line before new record highs: CryptoQuant

—CryptoQuant: BTC price action is copying historical cycles
—Key level is the 20-month trend line
—New highs likely only after reclaiming it

Why it matters: Reclaiming the 20-month average has historically signaled continuation of Bitcoin's bull trend.

Source: Cointelegraph

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