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Bitcoin’s Steep Price Discount Seems Similar to March 2020 Bottom – Yahoo Finance

Sentiment may have turned a little too bearish, a feature that is often observed at market bottoms.

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Bitcoin traded at a significant discount to its long-term moving average earlier this week, implying an overstretched bearish move and potential for reversal higher.
The cryptocurrency dropped to nearly $30,000 on Tuesday, pushing the ratio to its 20-week…

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