HTTP/2 200 date: Sun, 18 Jul 2021 20:05:16 GMT content-type: text/html; charset=UTF-8 vary: Accept-Encoding set-cookie: PHPSESSID=6aeg6ehsnl44i10suhirhvv1hl; path=/ expires: Thu, 19 Nov 1981 08:52:00 GMT cache-control: no-store, no-cache, must-revalidate pragma: no-cache x-pingback: https://ambcrypto.com/xmlrpc.php link: ; rel="https://api.w.org/" link: ; rel="alternate"; type="application/json" link: ; rel=shortlink cf-cache-status: DYNAMIC expect-ct: max-age=604800, report-uri="https://report-uri.cloudflare.com/cdn-cgi/beacon/expect-ct" report-to: {"endpoints":[{"url":"https:\/\/a.nel.cloudflare.com\/report\/v3?s=IkqhoUKH8Bq5D2QYnJjdgLnFkzvOeKqhK%2F6o96psY0KdpieyS4JAEmEeSUyYx9gMExMjlsaT3WI7kl5fL4A9wjAdyk3Ch8J%2BiBBo8h2w127NDZ%2F05OaKm7%2B4mADNKIDs"}],"group":"cf-nel","max_age":604800} nel: {"report_to":"cf-nel","max_age":604800} server: cloudflare cf-ray: 670e52e90fb95955-IAD alt-svc: h3-27=":443"; ma=86400, h3-28=":443"; ma=86400, h3-29=":443"; ma=86400, h3=":443"; ma=86400 Analyst: 'Bitcoin could reach $100,000 by year end when this happens' - AMBCrypto
Bitcoin – The 4 critical zones
The king coin’s descent began as soon as it hit its ATH in April. Since then multiple dips and flash crashes brought the coin down to $31k, registering a fall of 52%. As soon as the market observed the first sign of a trend reversal, Cowen stated,“We could be experiencing some bearish times for 3-6 months”And we did. 50 week SMA had been a consistently important level in Bitcoin’s history as it acts as the support needed for a bull run. Previous instances regarding 50 SMA, show that a bounce off of the level in 2014 resulted in a 61% increase in price. Similarly in 2018, the coin went up 45% and once again rose by 34% in 202 after testing the line for support. Presently this level is already negated as the 50 WSMA is placed at $32k whereas the price is already below it at $31k.
50 week
