BTC's Been Pretty Neutral for around a $9.5k Price Point

1 Jul 2020

First off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. I may or may not have a conflict of interest. That being said, here is my analysis: Bitcoin seems to have a tug of war scenario going on w/ the shorteners and the hodlers. What we are seeing has been for the past few month mostly a neutral pattern regardless of the decent ups and downs. The price I see it currently trailing around is a 9.5k price point. Overall, Bitcoin's performance have been underwhelming for a large portion of 2020, but as market adaption continues, I am still a fan of seeing this as a long hold in my opinion.