Here’s why Bitcoin’s pullback is a buy signal and not a bear market warning
Bitcoin (BTC) is trading in bear territory following a sharp correction, but from a broader perspective, the asset remains firmly in a bull market after hitting a record high of $108,000 in late January. Now, key technical indicators suggest that the recent pullback may not signal the start of a prolonged downturn, but rather one of the most attractive buy opportunities in months. Specifically, Bitcoin’s 50-week moving average (MA) is serving as a crucial support level, helping to sustain the broader bullish trend. At the same time, another critical indicator, the 0.5 Fibonacci retracement level, is showing notable strength, continuing to anchor Bitcoin firmly within bull cycle territory, according to TradingShot. Picks for you Economist says the real Trump trade is ditching U.S. stocks for foreign markets 3 ho...