20 wma for Bitcoin holding indicates a bull market
Many times Bitcoin has held its 20 week moving average in its bull cycles. These are the weeks Bitcoin has pulled back near the 20 wma and the average held as support.
6/4/11
6/4/12
11/5/12
9/30/13
3/28/16
5/23/16
8/29/16
1/9/17
3/20/17
7/17/17
9/11/17
Bitcoin has pulled back to $9895 this week. The 20 wma for Bitcoin is currently about $9700. Will BTC hold its 20 wma and continue to hold it in the future? If it does, then this historically has meant BTC is in a bull cycle.
6/4/11
6/4/12
11/5/12
9/30/13
3/28/16
5/23/16
8/29/16
1/9/17
3/20/17
7/17/17
9/11/17
Bitcoin has pulled back to $9895 this week. The 20 wma for Bitcoin is currently about $9700. Will BTC hold its 20 wma and continue to hold it in the future? If it does, then this historically has meant BTC is in a bull cycle.
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