Sunday 20 December 2020

Bitcoin: Is $30k possible in the short-term?

Bitcoin has a way of rallying further than most people expect (including me) before finally having a correction. In this video, we look at a couple different metrics and show where they would be if in fact Bitcoin did go to $30k in the short-term. In the event that a short-term bubble for Bitcoin extends to $30k, Bitcoin would go to the top of the next logarithmic regression band, as well as the top of the ln(close/20 wk. SMA) macro-trend line metric. TA Video by Benjamin Cowen.