Often times after a major price run-up of the price of Bitcoin, we will have a slight correction, followed by a bounce. We have seen this bounce happen a couple times already during this bull run, where the price of Bitcoin settles between the 20D SMA and the 21D EMA. In this video, we take a look at the implications of this for Bitcoin in the past and speculate on the current outlook. TA Video by Benjamin Cowen.
