A renowned cryptocurrency expert is using a certain statistic to forecast where Bitcoin (BTC) prices will head in the future.
Benjamin Cowen obavještava svojih 748,000 YouTube pratilaca u novoj sesiji strategije da je 200-dnevni jednostavni pokretni prosjek (SMA) efikasno predviđanje budućih nivoa BTC-a, pružajući statistiku grafikona za 2018. kao ilustraciju.
Cowen quotes that until the 200-day moving average gets dismissed, everyone has a strategy. According to him, following the rejection of the 200-day moving average, we failed to make a higher low. This was followed by a lower bottom- similar to what happened back in 2018.
Further, he added that often after making the initial lower bottom, there is a relief rebound back to the 200-day moving average. Else, it’s a return towards the northern line which we were holding as security before.
Cowen zatim ističe dva moguća nivoa cijena na SMA. On smatra da su 41,700 i 40,000 dolara kritične prekretnice za održavanje BTC-a.
Explaining his stance, the strategist quotes that at the moment, the 200-day SMA is about $41,700, but it is falling swiftly. He predicts that if we hesitantly extend it out to the mid of June, the 200-day moving average may even be closer to $40,000.
He offered a solution to this predicament as well. As per his belief, if we have a recovery rebound, we’ll choose to keep an eye on that 200-day moving average. This will happen because it’s a boundary that we need to cross.
The expert closes his observations by stating that it may require multiple trials for Bitcoin to break through the 200-day SMA price point. BTC is now in a bearish trend, it’s difficult to predict how and when the world’s biggest currency by market share will rebound again.
Cijena bitcoina uskoro ćemo vidjeti još jedan 200-dnevni SMA
Crown urges his followers to remember that we observed persistent rejection by the 200-day SMA. It finally broke through on the fourth genuine try.
There might even be a next one in the following weeks. If that happens, gear up for the ‘200-day’.
Opseg podrške bikovom tržištu je tehnički indikator koji kombinuje 20-sedmični jednostavni pokretni prosek Bitcoina i 21-sedmični eksponencijalni pokretni prosek (EMA).
U trenutku izvještavanja, Bitcoin mijenja svoje ruke na 30,296 dolara uz pad od 0.59% u posljednja 24 sata.
Je li ovo pisanje bilo od pomoći?
Source: https://coinpedia.org/bitcoin/bitcoin-price-struggles-to-maintain-30k-level-more-losses-hover-around/