We made a video on the price of Bitcoin potentially reaching $50k several weeks ago, but now that we are on the cusp of breaking through it, let us update the analysis. In this video, we discuss the implication of BTC breaking through $50k with respect to the 20 week moving average. We analyze prior levels of extension from the 20 week moving average to figure out how high would could theoretically extend in the short-term (based on historical data). TA Video by Benjamin Cowen.
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