Wednesday 27 January 2021

Bitcoin - A case for the bulls - a case for the bears

It is useful to identify cases for both the bulls and the bears, especially when it comes to the valuation of Bitcoin. The volatility of Bitcoin has a way of drawing a lot of new investors into the space who may not be fully prepared for the extent of Bitcoin volatility that we can experience. In this video, we simply look at two bar patterns. One is a case for the bulls, where we discuss a bullish bar pattern and show that in terms of market cycle ROI, Bitcoin is ahead of the prior market cycle. The other case is for the bears, where we take an intra-market cycle bar pattern and show that we may simply be in so market cycle uptrend that will take years to play out. TA Video by Benjamin Cowen.

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