Friday 21 August 2020

Bitcoin: Will it bounce back to $12k?

Bitcoin is currently hovering right around the 20 day moving average. But is this shorter term MA that important? We take a look at recent history to determine its importance, and get an idea of what may happen if it bounces off of the 20 day MA. If we fall below, we also discuss some key areas that BTC will likely test as support. TA Video by Benjamin Cowen.