Sunday 4 April 2021

Bitcoin: The Peak Logarithmic Regression Band

Despite the fact that Bitcoin has entered the peak logarithmic regression band this market cycle, we have not had any weekly closes in it. We know that over the last 6 months, Bitcoin has been on one crazy run with very minimal pullbacks. Now the question is whether Bitcoin will make a decisive move into the peak regression band and truly go manic in the short-term, or if we will correct back to the 20W SMA and regroup. TA Video by Benjamin Cowen.