A phenomenal response from the lows on #Bitcoin. However, the big day is still upon us. Tomorrow; - Results of the midterms are coming in. - Scott Bessent might inject more…
Original source excerpt
A phenomenal response from the lows on #Bitcoin. However, the big day is still upon us. Tomorrow; - Results of the midterms are coming in. - Scott Bessent might inject more liquidity into the marke…
A phenomenal response from the lows on #Bitcoin. However, the big day is still upon us. Tomorrow; - Results of the midterms are coming in. - Scott Bessent might inject more liquidity into the markets. Anyway, my main thesis that I think that we're bottoming in this region on the 'Sell the rumor, Buy the news' type of argumentation stands. Crypto and Bitcoin are the only asset classes that are worth to deploy capital in currently with a ton of potential upside higher than the S&P 500. From a technical standpoint, it's a great response from the lows. However, we're not out of the woods, yet. Clearly breaking through the resistance at $79,000 would be giving me confidence that the correction is over. This daily candle is a good start, and I think that we're about to be setting the low of this correction (and I just don't think we'll see the obvious sweep at $75,000). Things take time. Just accumulate.
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