Friday 23 April 2021

Bitcoin Damage Report

Now that the dust has at least temporarily settled, let us take assess the situation with a damage report. Bitcoin fell below the 20D and 50D moving averages, and is now testing the 100D MA. A fall below the 100D MA likely takes us to the 20W SMA which is only another 15% drop. Clearly the price of Bitcoin can turn some stomachs occasionally, but those that stick it out for the long haul usually have the most to gain. TA Video by Benjamin Cowen.

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