Bitcoin On The Path Of A Major Trend Are We Going To Witness A Repetition Of 2019 Chart Speculations
In midst of the recession speculations, some parties still remain bullish on the king crypto bitcoin. Which is said that the king crypto is setting the path for a massive bullish run, in a strategy session with Cowen which happen to be one of my favorite crypto analysts.
In the technical analysis which he covered the three different technical indicators that are converging at bitcoin key price level.
During the session he said that as he looked at the chart as he said: You have the 50-week average coming down. You have the 200-week [average] going up. And then you have the price rallying on up to it. You also have the prior local top at $25,200. And look at this local top: right in between those two moving averages. It’s almost too perfect that they’re all converging to the same level.
He concluded that the converging price as seen in the 50- week chart is said to be as that of 2019, as he says that he is keeping a close watch at bitcoin reaching $25k selling price.
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