$BTC
In his program, Ran Neuner posed the critical question that every investor asks: Has the bull market for cryptocurrencies ended, or is this just the final correction before a massive rise?
He hosted analyst Ben Koin to get the answers.
History tells us that Bitcoin often peaks in the fourth quarter of the year following a halving, and there are only nine weeks left.
Koin suggests monitoring the 50-week moving average. As long as Bitcoin remains above the $100,000 mark, he is optimistic about a final push to the upside.
If it closes below this level for two consecutive weeks, he will exit the market for this year.
This cycle reflects a low-volatility, dominant rise for Bitcoin in 2017. At that time, Ethereum moved sideways until the final explosive rise in November.
The market you have is not always the market you want.
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