LONDON (Bywire News) - Investing in a bear market can always be a tricky thing, but while most of the news around crypto may be pretty downbeat, there are some opportunities ahead, with the likes of ETH, BCH, AXS and EOS showing green shoots.
The key for analysts is the BTC 200-week moving average which is at $22,705 with many believing a critical move is imminent. A close above the 200-week moving average could attract more buying but a break below could be a go signal for bears. However, as much as the short-term outlook seems uncertain many experts believe Bitcoin has been in the accumulation zone for some time.
Meanwhile, outflows of Ethereum from major exchanges are seen by many as an optimistic sign for the future with traders moving their coins to stronger crypto wallets for safety.
Bitcoin, they suggest could resume its upward trajectory by attracting buying in select altcoins and one, in particular, looks promising in the form of EOS.
Bullish on EOS?
EOS started showing...
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