Bianca
Tue Oct 01 2024
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6 answers
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Will bitcoin's 200-day average challenge its previous peak?
So, the question at hand is whether Bitcoin's 200-day average will actually breach its previous all-time high. We've seen the crypto market fluctuate quite a bit in recent times, with Bitcoin's price often reaching new heights and then pulling back. Given this, what factors might drive Bitcoin's 200-day average to surpass its previous peak? Will it be the continued influx of institutional investors, the growth of DeFi, or something else entirely? Additionally, what challenges could potentially hinder this potential surge? Is the crypto market becoming too speculative, or are there underlying fundamentals that suggest this new high is not only achievable but sustainable?
