Coinbase
Meanwhile, technical analysis shows the bitcoin price is about to make a so-called golden cross, where the 50-day moving average passes the 200-day moving average. While this isn't necessarily a bullish sign and may be a lagging indicator, some think a golden cross can give support for a fresh surge higher.
"The cryptocurrency market does not look over-sold to be unequivocally attractive for short- and medium-term buying, but it does show signs of buyer interest," Alex Kuptsikevch, senior financial analyst at FxPro, wrote in emailed comments.
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