Bitcoin Speculation: Market Analysis and Resilience Insights
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In this riveting discussion by Benjamin Cowen, the enigmatic world of Bitcoin speculation is laid bare. As the market languishes in a state of inertia, one cannot help but ponder the significance of key indicators like the 20we SMA and 21we EMA hovering around the 90k mark. It's a dance as old as time itself - Bitcoin's intricate tango with these levels post-rally, a sight to behold. The natural logarithm of the price over the 20we moving average unveils a tantalizing trend, where each flirtation with the trend line heralds a local peak, leaving traders on the edge of their seats.
Amidst this market limbo, altcoins find themselves floundering in Bitcoin's shadow, struggling to keep pace with the crypto juggernaut. The FED's plans to halt quantitative tightening loom large, sparking speculation about the potential repercussions on Bitcoin pairs. Will history repeat itself, with Bitcoin once again asserting its dominance over the altcoin realm? The one-year Roi chart serves as a barometer, signaling the need for Bitcoin to make a decisive move by March to sustain its meteoric rise.
As the advanced decline index for the top 100 cryptocurrencies spirals downward since November 2021, the market's pulse quickens with uncertainty. Could we be witnessing a seismic shift towards a Bitcoin-centric rally, where altcoins fade into obscurity? Benjamin Cowen's insights paint a vivid picture of a market teetering on the brink, where every move by Bitcoin sends ripples across the crypto landscape. Investors brace themselves for the unknown, eyes fixed on Bitcoin's next move, as the stage is set for a showdown of epic proportions.
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Ben's new ETHBTC target is around 0.02
Discussion on the end of quantitative tightening (QT) in June
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Speculation on LTC dominance supercycle
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