Fundstrat Technology Strategist: Bitcoin is expected to continue to rebound

According to Sina Finance, Fundstrat technical strategist Robert Sluymer said that Bitcoin is expected to continue to rebound, investors should use the recent weakness to buy more bitcoin on dips. This maximum cryptocurrency has risen to its highest point since November last year. In a May 2 report, Sluymer wrote: "Using the ongoing callback to continue collecting bitcoin in the second quarter, pending a rise of the $6,000 resistance in the second half." He believes Bitcoin It rebounded from its 200-week moving average and broke the first quarter's volatility range, which is "an early stage of its long-term recovery."