Bitcoin had its first successful test of the 20 week moving average (MA), but will it hold? Here I talk about my candid thoughts on the cryptocurrency market for the next 6-12 months, and a realistic path to a sustainable $20k BTC. We discuss the scenarios of holding the 20 week MA and not holding. If we do not hold it, I think we will retest it again in approximately 6 months (early 2021) and will hold it then. After all, we need to move up slowly to a sustainable $20k BTC at some point, so I imagine we either start now or start early next year, but with a slightly accelerated pace.
Join the Premium List: