Bitcoin Bull Market Support Band

Bitcoin Bull Market Support Band




Time for an update on our #Bitcoin bull market support band, considering that we have a new weekly close for #Bitcoin. This bull …

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About the Author: Benjamin Cowen

41 Comments

  1. Ben, I think you have to consider that the US dollar is in an unsustainable uptrend. Global markets are shaken by the double whammy of global pandemic and war. Half of all US dollars were printed within the past 2 years and it’s frankly kind of a miracle a macro-recession hasn’t happened yet. I agree with you that the charts are giving us bear market indicators, but I think we have to ask ourselves the inflation question. How will it ultimately impact crypto? I think the narrative of crypto = better money has at the very least given the world exposed to crypto the impression that it has its benefits and possibly as a counter to global inflation (as the USD is the backup reserve currency and generally currencies are globally inflating). Yes we are in a local bear market, but it might be helpful to zoom out and think of where the world is trending towards. Great video as always, just providing a hopium addict perspective

  2. Benjamin we really need an update for the cryptoverse about the Bitcoin calculus. It was a very informative video and please please please we need an update for everyone!!!!!!

  3. US 10 year bond yields double topping. Money could be getting sucked out of crypto and stocks, maybe going back into bonds. bond yeilds have not been this good since end of 2018. This maybe the moment smart money, institutional investors and sovereign wealth funds rotate their money into bonds. It's risk free and guaranteed returns by governments. The downside is that it could be good night for crypto for awhile. Everything goes in cycles so crypto will come back again

  4. Hey Benjamin I discovered you recently, I decided to stop taking blue pills and switch to the red. Many thanks I love your content

  5. I believe there is an inverse correlation between BTC and DXY. Therefore, when the DXY reaches a peak at around 104, then BTC will hit the bottom. BTC will then hit a top about a year after this as has happened in the past.

  6. Even though I am waiting for Bitcoin to get to the prices of new ATH, I am not worrying too much about this since the best thing to do is to keep accumulating since eventually the euforia will kick in. We also can not be in a long bear market since there has not been a huge rally, that is just basic psychology. Bitcoin will go up when most of the people do not expect it to.

  7. find it weird when people look at the crypto ''in the past'' (few years ago…), like if the pattern will repeat itself. Especially when crypto has not even yet close cycles.

    When people talk about bear market in crypto, or crypto winter… It's ignoring outrageously the bigger picture.
    C'mon crypto birth was during the longest bull stock market ever.
    Forget about 2017, 2019… We are at the verge of a challenging recession. And now you have bots, institutions, blackrock, vanguard, who have thick skin in the game.

  8. From Colorado. Appreciate your channel. Just DCA for me. Got in 2020. My goal is to own a Bitcoin. So lower lows would be an opportunity for me.

  9. People are way too confident that this is a “bear market”. When random twitter bots and every TikToker is bearish, I’m not.

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