Jon de Wet | Source | CIO at Zerocap
Jon de Wet
CIO at Zerocap
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Jon de Wet is the CIO at Zerocap. Jon has a passion for bringing digital assets to traditional investors and institutions.
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Zerocap (https://zerocap.com/)
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Bitcoin Coasts Long-Term Moving Average as Investor Holdings Increase
The bullish market structure remains intact for the short-term, according to some.
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The market has stabilized after the large sell-off on Tuesday. Relative strength and other short-term oscillators are moving into oversold territory, and the bullish market structure is intact for the short term. We are seeing strong bids at these levels from the big players, which should buoy price coming into the weekend.
