Market News / Story
Bitcoin Dips Below $83,000: The Line in the Sand Bulls Need to Watch
Benzinga ·
Benzinga reports: Bitcoin could be entering one of its strongest bull markets, despite its recent pullback, as The DeFi report founder Michael Nadeau sees an 85% probability that the cryptocurrency has entered an early bullish phase. Speaking on the Milk Road Crypto podcast, Nadeau said Bitcoin’s decline towards $81,000 on Thursday was expected after a month of trading between $77,000 and $87,000. He anticipates a retest of the 50-week moving average near $78,000, with $83,000 remaining a…