Bitcoin: Not Out Of The Woods Yet

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The market has been very kind to Bitcoin over the last week, as prices have continued to rally day after day. In order to better understand this move, we take a look back at prior bounces off the 50W SMA. In order for us to actually get out of the woods, we will want to hold the 20W SMA as support whenever we get above it. Prior bounces off the 50W SMA after a major market move were unable to do this - will this time be different? Let me know where you think the price of Bitcoin is headed in the comments!

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Disclaimer: The information presented within this video is NOT financial advice.

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