Let's provide an update to the #Bitcoin bull market support band!
1 extracted signal · 1 resolved · 0 still active
Benjamin CowenIndependent analyst profile- Source published
- 19 May 2025, 03:37 UTC
- Recorded by Tahlil Plus
- 18 May 2026, 20:23 UTC
AI-generated source summary
Bitcoin's current price is at $104,223.74. The 20-week SMA is at $93k, and the 21-week EMA is at $92k. Bitcoin has had four weekly closes above the bull market support band. The recent drop could be related to futures. The all-time high weekly close was just reached, also all time highs against SPX and NASDAQ futures were reached 2 weeks ago. There is a potential for a summer lull, similar to 2021 and 2023, but not 2017, 2019, or 2020, this pattern is something to be prepared for, monitoring what happens end of May. It must put in all time highs before month end. To summarize, the window for Bitcoin to put in a new all-time high if it's going to is going to be in the next couple of weeks, if it can, then it opens up the door to a lot of other possibilities going into the summer.
AI-generated summary based on the source content.
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Benjamin Cowen
Platform-wide history, separate from this source evaluation.
Tahlil Plus independently records and evaluates public market predictions. Extraction may be AI-assisted and results follow the Tahlil Plus methodology. This information is not financial advice.