BTCUSDT Analysis by @PlanB_Bitcoin

Total Quality
Score
82460
40000.0000000000
300000
BTCUSDT
1H
Pending
Free
Analysis Predict Bull Market
Technical
The video analyzes Bitcoin using several charts. It notes Bitcoin dropped from $84,000 in February to $82,000 in March. The 200-week moving average continues to rise, from $44,000 in February to $46,000 in March, a bullish sign. Geometric mean and normal moving average proximity suggests volatility is getting lower. The presenter argues that if this upward trend continues from 20,000 to 40,000 to 80,000 then Bitcoin will grow from 160,000 to 320,000. Bitcoin crashed in the past with a divergence of normal moving average and the geometric mean. Historically 2020 or 2017 bear markets happened when there was a divergence in the lines. BTC is correlated to S&P. Bitcoin could reach 300K according to stock to flow model and gold is around 3000.
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