Still bullish on Bitcoins and Cryptos long-term, here is why.
#1 reason Wall-Street is too deeply involved in this asset class to fully decouple it, no matter what the true valuation is. In the short-term, and medium-term in bear markets, it will be pegged to Nasdaq.
Bitcoin is showing textbook macro bottom signs in a “business as usual” bear market, data suggests.
After we are out of bear markets, it will run on its own at a much faster pace than Equity markets.
‘No emotion’ — Bitcoin metric gives $35K as next BTC price macro low. Bitcoin market participants should not act on emotion, one trader advises as long-term data continues to fit with previous bear markets.
Eyeing the one-month stochastic chart for BTC/USD, Alan highlighted Bitcoin repeating a structure common to both the 2014 and 2018 bear markets.
$Coinbase Global, Inc.(COIN)$ $Marathon Digital Holdings Inc(MARA)$ $Riot Blockchain, Inc.(RIOT)$
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