Wednesday 16 December 2020

Bitcoin bull market support band pushes higher

Another week, another move higher for the Bitcoin bull market support band. The 20 week SMA is now at approximately $13.7k, while the 21 week EMA is approximately $14.5k. This would be the band that we would want Bitcoin to hold in the event of a sharp correction. With Bitcoin volatility potentially dropping, we also speculate on potential altcoin movement if in fact the sideways movement can continue. TA Video by Benjamin Cowen.