Given the recent move by the price of Bitcoin and the importance of the bull market support band, I thought it would be prudent to provide an update on where we currently stand, now that we just closed a weekly candle. The 20W SMA continues to slightly move up, while the 21W EMA continues to move down. Will Bitcoin make a run at bull market support band this week? If the price of Bitcoin does continue to appreciate, can it break these critical resistance areas? TA Video by Benjamin Cowen.
