In fresh comments, the famous Bitcoin bull said investors should eye the 200-day moving average price for hints at a trend reversal.
In an interview with the publication, Lee, who is well known as a Bitcoin bull — but said he would stop giving out timeframes for a price rebound in December — now claimed August could see a market U-turn.
“I think the key number to watch is the 200-day moving average,” he told the network, continuing:
“If Bitcoin holds above $4,000, it’ll cross its 200-day [moving average] by August, so I think the outside window is five to six months before Bitcoin starts to look technically like it’s back in a bull market.”
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