According to Cointelegraph, Bitcoin may have reversed all the declines since the March crash, but another price indicator is about to hit a record high. Yassine Elmandjra, an analyst of investment advisory firm ARK Crypto Assets, pointed out that bitcoin is about to hit a new annual moving average price. Elmandjra posted a chart on Twitter. Since bitcoin’s annual moving average price was at a high level in early 2018, this number first fell and then rebounded. On May 1, Bitcoin once returned to above $ 9,000. If the market maintains the current level, a new milestone will come. Bitcoin’s annual moving average price of around $ 9,000 will be the second time in Bitcoin history.
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