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Time to buy Bitcoin, says strategist who warned of late-2018 plunge

Published Fri, May 3, 2019 · 09:50 PM

Singapore

BITCOIN is in the middle of a sustained recovery and investors should use recent weakness to buy more, according to Fundstrat technical strategist Robert Sluymer. The largest cryptocurrency climbed to its highest since November on Friday.

"Use pending pullbacks to continue accumulating Bitcoin in the second quarter in anticipation of a second-half rally through ~6,000 resistance," Mr Sluymer wrote in a note on May 2.

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