Good morning again bulls. We beat 20k and we should all pat ourselves on the back. We are Bitcoin. All of us. We have put up with years of abuse from traditional investors and friends and family alike. Now whos laughing? All the fn way to the bank baby. I see a possible trend forming and I drew it on the chart Im sharing. If anything is predictable at this time it certainly is not Bitcoin. We are in no mans land. Uncharted territory.
We will learn from being above 20k for the first time in Bitcoins short life span. As Bitcoin rises its easy to say that is all because of the fabulous tech behind the coin. I agree BTC is fantastic but much of this rise in price can and should be attributed to a failing US dollar. I mean we printed more USD this year than ever before. More supply equals less demand. Which makes US dollars worth less than before. This in turn causes the price of Bitcoin to rise. Similar to how gold has functioned for over a century.
I am satisfied with breaking 20k. I am still greedy enough to want more. And we might get it if the trend sticks. From what I see we can make it to around 22500 before hitting trend resistance. But this is highly speculative and any trades should be given even more risk management than before. Walk that stop loss up. Simple yet effective. I need to jump onto CB pro and do that real fast. In the mean time what are your thoughts? 20k gonna stick around or is it fleeting?
Congratulations to all who have dealt with the crash of 2017 and stuck with it all the way til the spike of 2020. We all deserve an award for waiting so long. And also for putting up with the eye rolls of our peers that thought BTC would never be here. Maybe they will listen now? But WTFDIK???
We will learn from being above 20k for the first time in Bitcoins short life span. As Bitcoin rises its easy to say that is all because of the fabulous tech behind the coin. I agree BTC is fantastic but much of this rise in price can and should be attributed to a failing US dollar. I mean we printed more USD this year than ever before. More supply equals less demand. Which makes US dollars worth less than before. This in turn causes the price of Bitcoin to rise. Similar to how gold has functioned for over a century.
I am satisfied with breaking 20k. I am still greedy enough to want more. And we might get it if the trend sticks. From what I see we can make it to around 22500 before hitting trend resistance. But this is highly speculative and any trades should be given even more risk management than before. Walk that stop loss up. Simple yet effective. I need to jump onto CB pro and do that real fast. In the mean time what are your thoughts? 20k gonna stick around or is it fleeting?
Congratulations to all who have dealt with the crash of 2017 and stuck with it all the way til the spike of 2020. We all deserve an award for waiting so long. And also for putting up with the eye rolls of our peers that thought BTC would never be here. Maybe they will listen now? But WTFDIK???