Bears in Disbelief As Bitcoin Sees Clear Skies Ahead: Crypto Analyst Benjamin Cowen

Bears in Disbelief As Bitcoin Sees Clear Skies Ahead: Crypto Analyst Benjamin Cowen


Popular crypto trader Benjamin Cowen thinks Bitcoin looks “incredibly bullish.”

In a new video, the analyst tells his 566,000 YouTube followers that BTC has accomplished the three things it needs to keep moving upwards.

 

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First, Bitcoin rallied above the 20-week simple moving average (SMA). Second, Bitcoin’s chart saw a “golden cross,” which occurs when a short-term moving average crosses above a long-term moving average. The technical pattern is often viewed as an indicator that a breakout may be on the horizon.

And third, Cowen says that BTC also hit a higher low.

“Once we got above the 20-week, once we had a golden cross, the only other thing left to do for Bitcoin? Hold the damn line.

If you hold the line, what

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