Bitcoin has been bullish for couple of weeks now, which this is attributed to bulls activities in the ecosystem. Benjamin Cowen who is a crypto analyst in a YouTube session gave three indications which he regards as being solid for bitcoin, with the primary asset bitcoin trading at a lower logarithmic regression band which he calls a point for the bulls.
Having a view from the chart which he was able to illustrate these said points in he’s words he says;
“If you just throw out all the noise out there in terms of the macro stuff and just say, ‘Look X, Y, and then Z. It’s happened not once, not twice, not three times, but now it’s happened four times. That’s a point for the bulls.”
The weekly trade for bitcoin was discussed highlighting the different points in which the primary token bitcoin has traded and some possible point which it might plunged in price if it goes below the trading point. At the point if writing this article bitcoin is trading at $23,015.
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