‣ It's one of the best times to buy Bitcoin - Ben Cowen
London Real
Brian Rose
4.4 • 1.9K Ratings
🗓️ 14 December 2021
⏱️ 3 minutes
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| 0:00.0 | And also, the longer we stay lower, the average gets closer to where we are. |
| 0:06.1 | So if Bitcoin stays now in this mid-50s range for another three months, that average will |
| 0:12.4 | be starting to be cross-soon. |
| 0:13.8 | I mean, you also don't want to stay low too long, right? |
| 0:17.0 | Right. |
| 0:18.0 | But we could stay here for months, potentially, before it would realistically catch up. |
| 0:23.4 | Because I mean, we could probably be here for two months and we're still just above |
| 0:28.2 | it. |
| 0:29.2 | But it's a function of the last 20 weeks or 21 weeks for the EMA as well. |
| 0:34.4 | And so if we're sort of just hanging out at these prices that are just above it, you |
| 0:38.3 | know, I mean, historically, that's been really the one of the best times to buy Bitcoin if |
| 0:42.3 | it whole. |
| 0:43.3 | I mean, obviously, there's a huge if-there, but that's the risk you take, right? |
| 0:46.3 | I mean, no one really fully knows if it's going to hold. |
| 0:48.8 | We didn't know that it was going to hold in September, but we did say that if it does |
| 0:52.8 | hold, and there is a reasonable chance it does, considering that we think the cycle is going |
| 0:57.4 | to lengthen, right? |
| 0:58.4 | Or sort of taking this market cycle theory stuff and saying, look, we don't think the |
| 1:02.5 | cycle's over. |
| 1:03.5 | We do think that coins going to keep trending higher with time. |
| 1:06.0 | Therefore, there is a good probability here that we are not heading into a one to two-year |
| 1:10.3 | bear market, but that we just have a three to six month low in the market. |
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