Wednesday 28 October 2020

Bitcoin continues its slow move back to a sustainable $20k

Bitcoin continues its slow move back to a sustainable $20k. These "slow" moves are characterized by short-term expansion phases followed by re-accumulation zones. Is it possible that $12-$14k is simply our next re-accumulation zone? The 20 week moving average is inching towards $11k, which is our bull market line of support. Video by Benjamin Cowen