ITC Ben and Ivan on Tech are watching BTC test the 20 (Ben) / 21 (Ivan) Moving Average on the Weekly Chart.

5/13/21 – ITC Ben says investing in Alt Coins are risky while $BTC tests the Weekly 20 MA.  Watch for WEEKLY closes below the 20 MA.  Says this is another test of the Weekly 20 MA that was last seen in September 2020.

5/14/21 – Ivan on Tech talks about $BTC testing the 21 MA on the Weekly Chart.  His BSI indicator suggests about 4 – 5 days of consolidation/bearishness before hopefully bouncing up. Price to watch is $58,000.

 

@Flatline thinks the bottom was the 46,000 on 5/12/21 on the Elon FUD.