Bitcoin is testing the 20 week moving average (MA) again! This is now several weeks of continued testing of the 20 week MA. If we continue to hold the 20 week MA, it will give us much more confidence in a potential long bull market. If Bitcoin does not hold the 20 week MA, we are essentially kicking the can down the road and will have to regroup. For now, there is still a chance that the 20 week MA holds and BTC remains bullish and it continues its slow and methodical journey to a $20k BTC. Do you think the 20 week MA will hold?
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