What’s Next for Bitcoin? — Bitcoin Magazine

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The below is a free, full excerpt from a recent edi­tion of Bit­coin Mag­a­zine Pro, Bit­coin Mag­a­zine’s pre­mi­um mar­kets newslet­ter. To be among the first to receive these insights and oth­er on-chain bit­coin mar­ket analy­sis straight to your inbox, sub­scribe now.

In today’s Bit­coin Mag­a­zine Pro, we will cov­er the his­tor­i­cal­ly sig­nif­i­cant 200-week mov­ing aver­age as well as cov­er the week­end price action and deriv­a­tive mar­ket movements.

Bit­coin is cur­rent­ly below its 200-week mov­ing aver­age, which has only hap­pened four times through­out bitcoin’s his­to­ry, mark­ing sig­nif­i­cant cycli­cal bot­toms, but none have occurred dur­ing the unique eco­nom­ic sit­u­a­tion we find our­selves in today. Although today and this past week­end like­ly will look like prime accu­mu­la­tion oppor­tu­ni­ties five years from now, it’s dif­fi­cult to con­clude that the worst is over and it’s up only from here, with poten­tial­ly more cryp­tocur­ren­cy-native con­ta­gion and macro head­winds ahead. Regard­less of the ugly macro­eco­nom­ic back­drop (which the mar­ket has undoubt­ed­ly been pric­ing in for the last six months), a sim­ple look at the 200-week mov­ing aver­age to build a frame­work for bit­coin accu­mu­la­tion has served past mar­ket par­tic­i­pants extreme­ly well. 

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