Bitcoin Price Analysis: Here’s How BTC Price Will Take Off to $35k Levels Soon

On Thursday, the cryptocurrency markets experienced further weakness, resulting in a decline for Bitcoin and other leading cryptocurrencies. Bitcoin, the largest crypto token, saw its value decrease by an additional 2 percent but managed to remain slightly above the $26,000 level.

Negentropic, a co-founder of the crypto analytics firm Glassnode, believes that Bitcoin (BTC) has reached its bottom and is now poised for a significant rally. According to Negentropic, two simple moving averages (SMAs) indicate that a breakout for Bitcoin is highly likely in the near future.

5/25/235:25 AM

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