Fundstrat Analyst Bitcoin Recovery May Take Months
According to Fundstrat Global Advisors LLC, Bitcoin’s technical outlook is in poor condition and can take months to recover after the big drop last week. The largest cryptocurrency is trading approximately 40 percent below the mid-February high. Bitcoin fell more than $ 3,000 in about 16 hours, especially between March 12 and 13. Currently, according to technical strategist Robert Sluymer, the price fell below the 2015-2020 uptrend and badly jeopardized the price movement....