Tuesday, 2 March 2021

Bitcoin: Rejected by the 20 Day SMA

Bitcoin continues to hold resistance at the 20 day moving average. Will it head back down to lower valuations? Is this a bull trap? Or is Bitcoin about to decisively break through it and head to much higher valuations. In this video we discuss the implications of these various moves so you can be prepared for each scenario! TA Video by Benjamin Cowen.