Bitcoin, one of the top performing assets of all time, is currently on a strong bull trend as is indicated by the gap between the 20 and 200 sma on the daily chart. Furthermore, the current retracement has placed bitcoin's value at a 30 day low and the price is halfway between the 200 sma and 20 sma. For me this indicates that whatever short opportunities were present for fast day trades are nearly over, and the time to purchase some of this severely undervalued bitcoin is now. Let me know how you see it if you agree or not.
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