URL has been copied successfully!
Bitcoin (CRYPTO: BTC) is approaching its closely-watched 200-day moving average, a level that has historically acted as major resistance during prior bear markets.
Historically Similar Pattern
In a podcast on May 11, crypto analyst Benjamin Cowen compared the current setup to both the 2018 and 2019 cycles.
In 2018, Bitcoin formed a February low, a higher low in April, then rallied into the 200-day moving average before rolling over later in the year.
The current structure looks strikingly similar, with Bitcoin …
Please follow us:
