By: Kyle Torpey
In a new report, digital asset research firm Delphi Digital has shared some trends that could help predict where the Bitcoin price is headed this month. While Bitcoin dipped more than 15% in roughly an hour last week, the cryptocurrency has since recovered from those lows below $8,000.
Delphi Digital laid out both bullish and bearish trends in their recent report. Additionally, the digital asset research firm pointed out that those who are bullish over the long term should be happy to see these lower price points.
“[Those] with long-term conviction in this asset class should welcome this pullback with open arms as it presents an opportunity to buy or add to existing positions at lower prices,” says the report.