Friday 13 November 2020

How high can this Bitcoin bubble go

We take a look at prior Bitcoin short-term bubbles that occur even in the midst of bull markets. By identifying what has happened in the past, we can better appreciate how high this Bitcoin rally could theoretically go. In this video, we take a look at the historical price movements of Bitcoin above its 20 week moving average, and look to see where exhaustion finally set in. We use this to better anticipate local tops this market cycle. TA Video by Benjamin Cowen.