Given the larger picture of the market correction concerning Bitcoin and other Altcoins, experienced investors know that we are in a perfect purchasing position and have been for the last week. Good positions like these market-wide do not come around everyday.
We are back within the falling wedge formation! After a daily bearish move downwards, we have shot back up. Is this a reversal finally, back into a range of motion that would make me bullish, or is this another dead cat bounce?
The current price of Bitcoin is $6,532 on Coinbase. Today's high was $7097 with a low of $6483. Clearly the chartists were wrong with their target of $7500 as the bottom, as we saw the slight rebound after wicking down to the 200 Day SMA peter out.
New Cracking Crypto video is uploaded! Learn the basics on investing and trading Bitcoin and other Cryptocurrencies! I put $200 in ADA last night, today it's up 120%. Have you ever heard of those kind of gains?!
Well it happen, 10k. Then, 19k. Almost 20k! This BTC run has been phenomenal, and continuously grown in a parabolic craziness surrounded by nothing but speculation and excitement.