Bitcoin Market Update

Bitcoin Market Update




The price of Bitcoin has bounced off the 20D SMA again, so will see another 15-20% bounce? Can Bitcoin hold the 20W SMA whenever it ends up being tested?

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About the Author: Benjamin Cowen

21 Comments

  1. <I respect your work mate, because you are pointing people in the right direction, this is the FOMO August for the incoming dip in September. It is manipulated but that can be a good thing if you understand it. We should all know that when these reports are bullish take some off to the side lines, when news gets bearish start buying. "Keep it simple simple" that bear/ correction was the best thing that happened me. but all thanks to Edwin Dolan for his amazing skills for help me to earn 20 BTC through trading chart. I believe we are in the spring phase.

  2. I see Bitcoin eth and others going on a high soon but remember the market is yet tricky. Without the right candle sticks you may lose the market.

  3. It's a great channel and I think I've seen every recent video and learned a lot, but what I don't really understand is the logic of how can history tell the future. I mean, a 20-day average could be a loose indicator of what we could expect, but in my opinion, the closest it comes to in precision is “likely could maybe happen”. I know it doesn't matter what one thinks, so if someone could explain why should history be any indicator of the future? Because even if there's some pattern, shouldn't events like a new company implementing bitcoin as a currency or new laws controlling it would much more indicate where could it go.

  4. Excellent TA as always! If you are new, you just have arrive to one of the bests crypto channels. Subscribe and turn on notifications, you wont regret it! (IF, and only IF, you like to learn to read and understand the market, if you are just looking for moonboys and hopium, this is not the channel for you. Here is pure facts and objective readings of the market. Remember, the market doesnt have, neither cares about your feelings and hopes).

  5. The pandemic is still a big factor. The American economy continues to lose faith because of it; Especially seeing that Delta is a lot worse. The vaccines were suppose to fix everything but uptake has stalled in the US threatening their exit plan from the virus.

    Don't forget that it was because of the pandemic that Jerome Powell was able to turn the money printer on Brrrrrrrrrrrrrrrrrrrrrrrrrrr! (When fractional reserve lending was reduced to zero)

  6. Why am I praying for shorter cycle? Don't tease me with the 10k price for a year+ lmao. It will be interesting to see how BTC resolves it's bearish divergence on the daily that it keeps having. Time will tell.

  7. Btc battling the .702 fib level. High volatility in this range. Hopefully we'll break through. Im hoping we dont have a pullback even though a sustained rally to new ATH is unhealthy How long can the regular stock market remain bullish? We have a lot of catching up to do. Im not seeing a btc over 100k this cycle. Im actually thinking 80k max. And then a very very long bear. Hope im wrong

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