Sunday 4 October 2020

Bitcoin: A dance with 20 week MA

Bitcoin continues to dance with the 20 week moving average for the 5th straight week. Will Bitcoin continue to hold this critical level as support? Or will it break below and kick the can down the road? We must realize that a successful test of the 20 week MA will likely last months. While this is not ideal for many, it seems necessary to regain the confidence we need to slowly push back up to a sustainable $20k Bitcoin. TA Video by Benjamin Cowen.