BitcoinPembelian
Impressive run in Bitcoin
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Bitcoin tagged $12,040 today and had an impressive run. Happy over here as the accumulation this time around on my own side began $10,200-10,400. What is fascinating is when realizes that BTC has traded above 10k for only 100 days since its creation. This would lead one to believe the average retail holders are all running with positive positions into this new level of crypto-euphoria.
In addition another observation today was how remarkably poor the rest of the crypto market performed today while bitcoin ran.
I would advise the sentiment when viewing price action should remain positive, and within the selloff yesterday BTC finally behaved as a safe-haven.
It will take some time but I anticipate price will pull back to S2 for now within the chart, but test $12,000 resistance till flipping to $12,000 becoming new support.
While fascinating that BTC tagged $12,000 today, it is worth realizing that historically this has been resistance leading to larger pull backs. With the support of additional institutions onboarding, and with them I assuming attempting to accumulate as much as the underlying as possible in this current era of de-regulation this will aid large players to make this market once derivative products have higher utilization by retail.
Another catalysts I'm sure working for BTC is the latest comments by Fed Chair Powell along with uncertainty with the election, coupled with potential stimulus. Stimulus going directly to potential retail investors/traders and crypto enthusiast.
If BTC breaks
12K in a meaningful way I would imagine this could go parabolic as the fomo crowd (globally) gets long. It's startling how only 6% of Americans have ever purchased BTC while other countries like Turkey and Venezuela have high adoption rates - obviously due to homefield disadvantage with their counties currency inflation woes.
Good luck and good fortunes to you readers!
Bitcoin tagged $12,040 today and had an impressive run. Happy over here as the accumulation this time around on my own side began $10,200-10,400. What is fascinating is when realizes that BTC has traded above 10k for only 100 days since its creation. This would lead one to believe the average retail holders are all running with positive positions into this new level of crypto-euphoria.
In addition another observation today was how remarkably poor the rest of the crypto market performed today while bitcoin ran.
I would advise the sentiment when viewing price action should remain positive, and within the selloff yesterday BTC finally behaved as a safe-haven.
It will take some time but I anticipate price will pull back to S2 for now within the chart, but test $12,000 resistance till flipping to $12,000 becoming new support.
While fascinating that BTC tagged $12,000 today, it is worth realizing that historically this has been resistance leading to larger pull backs. With the support of additional institutions onboarding, and with them I assuming attempting to accumulate as much as the underlying as possible in this current era of de-regulation this will aid large players to make this market once derivative products have higher utilization by retail.
Another catalysts I'm sure working for BTC is the latest comments by Fed Chair Powell along with uncertainty with the election, coupled with potential stimulus. Stimulus going directly to potential retail investors/traders and crypto enthusiast.
If BTC breaks
12K in a meaningful way I would imagine this could go parabolic as the fomo crowd (globally) gets long. It's startling how only 6% of Americans have ever purchased BTC while other countries like Turkey and Venezuela have high adoption rates - obviously due to homefield disadvantage with their counties currency inflation woes. Good luck and good fortunes to you readers!
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.