Bears in Disbelief As Bitcoin Sees Clear Skies Ahead: Crypto Analyst Benjamin Cowen

ໂດຍ The Daily Hodl - 2 ປີກ່ອນຫນ້ານີ້ - ເວລາອ່ານ: 2 ນາທີ
ວັນພຸດ, 13 ຕຸລາ 2021, 10:05 ໂມງແລງ

Bears in Disbelief As Bitcoin Sees Clear Skies Ahead: Crypto Analyst Benjamin Cowen

Popular crypto trader Benjamin Cowen thinks Bitcoin looks “incredibly bullish.”

In a new video, the analyst ບອກວ່າ his 566,000 YouTube followers that BTC has accomplished the three things it needs to keep moving upwards.

ຫນ້າທໍາອິດ, Bitcoin rallied above the 20-week simple moving average (SMA). Second, Bitcoin’s chart saw a “golden cross,” which occurs when a short-term moving average crosses above a long-term moving average. The technical pattern is often viewed as an indicator that a breakout may be on the horizon.

And third, Cowen says that BTC also hit a higher low.

“Once we got above the 20-week, once we had a golden cross, the only other thing left to do for Bitcoin? Hold the damn line.

If you hold the line, what happens? Clear skies ahead.”

BTC is trading at $56,574.13 at time of writing, according to CoinGecko. The largest crypto asset by market cap is up nearly 10% on the week and more than 38% in the past 14 days.

Cowen notes that Bitcoin could have pullbacks in the short-term future, but he also argues that shouldn’t scare investors. The trader says $58,000 is the first area of resistance to watch, noting that anywhere between $58,000-$65,000 could see resistance.

Cowen concludes,

"The bears are in disbelief.”

I

ຮູບພາບທີ່ໂດດເດັ່ນ: Shutterstock / Tithi Luadthong

ຕໍານານ Bears in Disbelief As Bitcoin Sees Clear Skies Ahead: Crypto Analyst Benjamin Cowen ປາກົດຕົວຄັ້ງທໍາອິດ ໜັງ ສືພິມ Daily Hodl.

ແຫຼ່ງຕົ້ນສະບັບ: ໜັງ ສືພິມ Daily Hodl