As Bitcoin Teases 100-Day Average, Traders Say Latest Crypto Bounce Looks More Constructive Than August

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As Bitcoin Teases 100-Day Average, Traders Say Latest Crypto Bounce Looks More Constructive Than August
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Risk assets appear to be breaking out bullishly, with $BTC challenging its 100-day simple moving average that aborted the August rally. Meanwhile, miners have slowed their coin sales since June. Chart of the Day explains the data, presented by cryptocom

Risk assets seem to be breaking out bullishly, with bitcoin is challenging its 100-day simple moving average that aborted the August rally.

Meanwhile, public miners have slowed their coin sales since June when they ran down their bitcoin inventory by liquidating 350% of the mined coins. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

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