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Hello everyone, if you like the idea, do not forget to support with a like and follow. Best of luck! Unfortunately for them, the world doesn't quite agree with their initial thesis and they might end up squeezed here.
Most traders have been I am making a quick Sunday update to my previous thesis on Bitcoin's long-term projection in relation to its Production Cost.
This is currently testing the bottom of the long-term Resistance Zone It is critical as this level was Hi All, Here are some points to make this case.
Looking at the charts, many of the ALTs seem to be creating a bottom formation against BTC and some are already breaking out.
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Monetary and fiscal support will remain elevated in the short-term and that is creating a diversification trade against not just the dollar but for gold as well.
Bitcoin and all the major altcoins are rallying strongly, and it seems the momentum trade is strengthening as mass media outlets embrace crypto coverage.
Bitcoin rallied to an all-time high today and appears poised to take out the USD20, level. Cryptocurrency trading View live prices, charts and news for bitcoin and other cryptos, tradeable 7 days a week.
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