Bitcoin surpassed its November 2021 record high on Tuesday as demand for the token continued to be filed by excitement over spot bitcoin ETFs and the April halving event. Our Algo Engine generated a buy signal in January and the holding is up 71% after 47 days.
The red arrow suggests we’re nearing a short-term peak and traders may look at hedging any long exosure on a downturn in the price momentum.
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