Wednesday 26 August 2020

Bitcoin simply carrying out another re-accumulation range

Is Bitcoin simply carrying out another re-accumulation range? We dive back into the pattern we spotted a few days ago and note that there are still many uncanny similarities. We also take a look at the 20 week moving average of BTC to identify where our "bull market" support would be. At the end of the day, we recognize this as "business as usual" for Bitcoin - nothing has really changed. I still think 2019-2021 are accumulation years for BTC. TA Video by Benjamin Cowen.