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Flattening

Fiat Faces Bitcoin ‘Flattening’ as Covid-19 Sends M2 Supply Over $18T

boss Cryptocurrency Market, News

[sociallocker id="55298"] The battle of Bitcoin (BTC) versus fiat money is witnessing not a flippening but a “flattening” as coronavirus upends economic policy.A chart of the United States’ M2 money supply compared to the largest cryptocurrency shows that while one is leveling out its supply, the other is going “parabolic.”BTC

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Flattening Moving Average Puts Bitcoin Price Target at $9K in Q2

Analysis, Bitcoin, Bitcoin Analysis

The short-term moving average on Bitcoin’s daily chart is flattening out.The phenomenon comes after the cryptocurrency hits the highest level since mid-March sell-off.Coupled with favorable fundamentals, such as halving, the MA indicates an extended bull run towards or beyond $9,000.A lagging technical indicator that determines bitcoin’s near-term market bias has

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