Bitcoin has now closed two weekly candles just above the 20 week moving average (MA). So far, this is much more of a fight than the last two times BTC tried to hold the 20 week MA as support. In order for Bitcoin to stay above the 20 week MA, it needs to slowly move up. So far, the price of Bitcoin has been doing just that, and has bounced back up a little to around $10,700. Will BTC continue to hold the 20 week MA as support and keep its bullish momentum? Or will the 20 week MA break and we will test lower prices again? TA Video by Benjamin Cowen.
