Cryptocurrencies tumble after China's latest crackdown. Here's why traders see opportunity - CNBC
Sep 24, 2021 24 secs

Johnson, who mines bitcoin, said this weakness offers an entry point to get into bitcoin at a lower price.

"This little lower high in here, it's going to be an opportunity here where I'm going to be wanting to buy on these pullbacks," said Johnson.

Bitcoin traded Friday at $42,500.

Danielle Shay, director of options trading at Simpler Trading, is also bullish on the space and identifies the 50-day moving averages for bitcoin and ethereum as supportive.

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