Today we discuss Bitcoin Baby…
TradingShot Chart via Trading View
How Serious am I about 75K?
News gathered from CoinDesk
Bitcoin is at it again. Last month, the price of the virtual currency quietly breached a new all-time high, cruising well past its prior peak of $19K set in 2017, and has been hovering around $36K at the time of writing. This follows a nearly 90% decline from those previous highs early in late 2018. This Year we have only fallen 20%. In 2013 Bitcoin moved from $240 to $410 in one week, in 2017 moved from $2400 to 4100 in one week and did same thing in 2020 moving from $24000 to 41000 in one week.
Well Quite Frankly these things are bullish for Bitcoin until the next halving.
Institutional buyers and wealthy individuals are still buying Bitcoin Grayscale had its biggest purchase day on the 15th this Month at 700 Million.
Speaking at an online event hosted by Princeton University in New Jersey, Jerome Powell said, “We don’t feel an urge or need to be first” on CDBCs. “Effectively,” Powell continued, “we already have a first-mover advantage because [the U.S. dollar is] the reserve currency.”
Powell estimated it will take “years rather than months” before the Fed releases a CBDC, despite early studies of digital dollar–friendly blockchains at the central bank’s Boston outpost.
Now Elon Musk…
2020 into 2021 - Will it happen again?
2012 into 2013 - The Original Double Top.
Charts via Glassnode Studio
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