Issue 46 – Bitcoin’s Big Test

July 26, 2021


There’s been a lot of noise on Twitter about whether or not the crypto bull market is over.

Some believe it’s over, others are convinced otherwise.

While there’s no way to know for sure, there is a Bitcoin level that will likely give us an answer, and it isn’t far away from the current price.

I’ll share that level and why the bull market hinges on it in today’s issue. I’ll also provide an update on my ETH long and analysis for VET and LINK.

Let’s start!

The Bull Market Hinges on This Level

Everyone is scrambling to determine whether today’s bounce is the second leg of the bull market or an early bear market relief rally.

But the chart says we have to wait a few more days for the answer.

I don’t usually put the weight of an entire bull market on one level. However, I’m willing to make an exception in Bitcoin’s case.

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Justin Bennett

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About the Author

I'm Justin Bennett, a currency trader turned crypto enthusiast. My journey started with stocks in 2002. After limited success, I transitioned to currencies in 2007, which later became a full time trading gig. The journey continued, and in 2020, I committed to learning about cryptocurrencies. It was love at first sight. Cryptocademy.com is the culmination of my love for cryptocurrencies, my passion for financial markets, and desire to learn and teach.

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