Bitcoin made fresh all-time highs in March, but in typical volatile fashion for this new asset class, it’s already corrected well over 17%. Further weakness under $60,000 would take the pullback well in excess of 20%, and if we were crypto traders, we would be accumulating into such weakness.
- Bitcoin is consolidating its recent explosive gains. Below $ US60,000, the risk/reward ratio looks attractive for traders.
MM is now neutral towards cryptocurrencies short-term
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