Bitcoin has been in consolidation mode. Recent New All time highs brought a correction and the price will need news (fundamentals) to rise again, fast and firm.
The last round of success, the previous pump, was because of ETFs entering the space.
No matter how this is an alternative for new Bitcoin investors (to invest in the 'Digital Gold' without having the 'crypto risks', as they think) it means One thing only: adoption.
The next round is expected to come from Banks entering the Bitcoin game.
Banks Tried to Kill Crypto and Failed. Now They’re Embracing It (Slowly).
Digital payments technology is forcing the financial system to evolve. Banks feel their power waning and want to regain control.
The only way banks can fully embrace the blockchain technology now transforming finance is by dealing in cryptos.
Technical analysis:
I am sharing 2 charts with you, 2 different exercises.
Keep in touch, as we expect a new dip and that oen again will be the one to buy, just like at 30 and 40k
One Love,
the FXPROFESSOR
The last round of success, the previous pump, was because of ETFs entering the space.
No matter how this is an alternative for new Bitcoin investors (to invest in the 'Digital Gold' without having the 'crypto risks', as they think) it means One thing only: adoption.
The next round is expected to come from Banks entering the Bitcoin game.
Banks Tried to Kill Crypto and Failed. Now They’re Embracing It (Slowly).
Digital payments technology is forcing the financial system to evolve. Banks feel their power waning and want to regain control.
The only way banks can fully embrace the blockchain technology now transforming finance is by dealing in cryptos.
Technical analysis:
I am sharing 2 charts with you, 2 different exercises.
Keep in touch, as we expect a new dip and that oen again will be the one to buy, just like at 30 and 40k
One Love,
the FXPROFESSOR
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