638: BITCOIN CRASHING AS WHALES MASS ACCUMULATE!!!! RELIEF RALLY COULD TAKE BTC TO THESE PRICE LEVELS!!!!
Despite Bitcoin price crashing below the critical $30,000 support for the first time in one month, a collection of BTC whale wallets suddenly scooped up tens of thousands of Bitcoin over the weekend after being inactive since December of 2018.
High-profile crypto analyst and trader Benjamin Cowen is discussing what a relief rally could look like for Bitcoin.
In a new update, Cowen says that if BTC rallies in the coming period, it could bounce off the 50-week simple moving average (SMA).
Reflecting on historical price action, Cowen reasons that a bounce from the current level, which is just below $32,000, could allow Bitcoin to rise by 34% to 62%.
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