ARK Invest 'neutral to positive' on Bitcoin price as analysts await capitulation

Cointelegraph

Published Jul 05, 2022 06:16AM ET

Updated Jul 05, 2022 08:00AM ET

Bitcoin (BTC) has a “neutral to positive” outlook despite staying below $20,000, according to ARK Investment Management.

In its latest "Bitcoin Monthly" report, the American asset management giant flagged signs that BTC price action is close to bottoming.

BTC/USD 1-week candle chart (Bitstamp) with 200MA. Source: TradingView

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