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in Bitcoin Analysis

Bitcoin: Will the 20 week MA hold for the 4th week in a row?

by Benjamin Cowen September 27, 2020, 9:00 am 1.7k Views 0 Votes 12 Comments

Bitcoin has now been testing the 20 week moving average (MA ) for four straight weeks! Can we print another weekly candle that held the 20 week MA as support? We have speculated that the 20 week MA is the critical support for Bitcoin for a sustained bull market. The Bitcoin bulls have come out to fight the last few weeks, much more so than they did during prior tests of the 20 week MA. Do you think Bitcoin will hold the 20 week MA for the 4th week in a row? Let me know what you think in the comment section below!

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