Bitcoin $BTC slices through 8 DMA, retesting 18 DMA BTW, there is NO magic MA length. Indicators can NOT be optimized. For me I just use MAs as proxy for trend. What happens around MA points helps define current personality of price behavior
Earlier this month, the US investment bank JPMorgan predicted BTC will fall to $42,000 in April - a 38% drop from current levels.
But prominent investors believe $100,000 is a realistic short-term target - while fund manager Cathie Wood has long maintained Bitcoin will hit $1m by 2030.