Cryptocurrency Opinion & Analysis

Let Bitcoin Lead the Way


This is probably not the kind of title post you expected, but my point is a simple one: Assets are all joined at the hip. It isn’t natural, it isn’t healthy, but it’s definitely real. The explosive surge you saw today on Bitcoin went hand-in-hand with the roaring markets in bonds, equities, and kitty litter. Take special note of how close today’s high came to a perfect tag of the major Fibonacci resistance level. !

Bitcoin Price Chart

The minute bar chart tells the same story, but with a finer granularity:

Bitcoin Price Chart

My point being: I think today was a one-hit wonder.


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