Saturday 12 December 2020

Bitcoin short-term market condition scenarios

Bitcoin has a lot of different paths it could take here so we want to fully digest each one to understand what is likely in store for each theoretical path that we could take. We dive back into the price of Bitcoin in reference to the 20 day moving average. The 20 day MA is not that critical; however, it can help us identify if Bitcoin volatility is reducing, paving the way for the rest of the cryptocurrency asset class to play catch-up. TA Video by Benjamin Cowen.