Sunday 19 July 2020

Bitcoin: The preamble to the bull market

Bitcoin has been moving sideways for months now, which has paved the way for a rather dull time in BTC's price history. Technical Analysis Video by Benjamin Cowen.

However, this time has been accompanied by high return on investments (ROIs) in many other smaller-cap coins. Is BTC moving sideways to the 20 week moving average where it will hold support and officially confirm the bull market? Or will we kick the can down the road?

If the theory is correct, then the price of BTC will slowly move up to $20k over the next 16 - 18 months or so, before finally starting a more parabolic move.