Bitcoin Breaks the May High (I Was Wrong)
1 extracted signal · 0 resolved · 1 still active
Benjamin CowenIndependent analyst profile- Source published
- 21 Sept 2026, 14:23 UTC
- Recorded by Tahlil Plus
- 21 Sept 2026, 15:27 UTC
AI-generated source summary
The speaker discusses Bitcoin (BTCUSDT) and acknowledges previous incorrect predictions. The current analysis focuses on Bitcoin's price action relative to its 50-week moving average. The speaker notes that Bitcoin has recently broken above its previous May high and is now trading above the 50-week moving average, which he initially believed would act as resistance. He expresses regret for not taking a more advantageous position earlier, referencing a past strategy of buying below a certain risk-reward ratio in July. The current price is approximately $86,288, with an inferred target price of $90,000. The fail bound, below which the bullish outlook would be invalidated, is set at $84,000. The analysis suggests a bullish continuation is expected for the remainder of the year.
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Benjamin Cowen
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