Saturday, May 21, 2022

Stack Funds hails Bitcoin’s ‘healthy correction’ predicts ‘euphoria’ ahead By Cointelegraph

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Stack Funds hails Bitcoin’s ‘healthy correction’ predicts ‘euphoria’ ahead

Crypto index fund provider Stack Funds has labeled yesterday’s pullback as a “healthy correction” that was needed before continues its upward trajectory.

Bitcoin broke through $19,000 earlier this week after posting seven weeks of consecutive gains. According to the firm, the crypto has been at overbought levels since October, further supporting the need for a correction.