Bitcoin's Next Move: Double Top or Slip?

1 min read
Source: Barron's
Bitcoin's Next Move: Double Top or Slip?
Photo: Barron's
TL;DR Summary

Bitcoin and other cryptocurrencies have slightly decreased in value following OPEC's production cut, but remain near recent highs. Bitcoin is currently trading around $28,350, just shy of its recent peak near $29,500. The reaction of digital assets to the production cut offers important clues as to their next move. Despite the slight dip, Bitcoin has rallied more than 70% so far this year in a bullish turn.

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