Will the Bitcoin 20 day moving average hold? While this MA is not that important for macro-level moves in the market, we recognize that it can be the first line of support during a Bitcoin correction in a bull market. If we hold it on the daily time frame, it can often lead to a 10-15% bounce in the short term. However, not holding does not necessarily imply a crash is immediate, as many times the price can still chop sideways after failing to hold the 20 day MA. In this video we just speculate on a few things and discuss various implications of the 20 day MA holding or not holding. TA Video by Benjamin Cowen.
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