Funny thing about both of them is that they topped around 340B Dollars in market cap. Bitcoin did a 20x in 1 year, while visa did a 15x in ~9years.
To me they both went parabolic and then had a major bull trap. A massive bull trap pushing a lot higher making people believe it will go even higher. Could this be just a continuation of the rally? It very well could, but to me the global financial conditions don't make me feel very comfortable taking a long trade right now. As this market is heavily dependent on Central Banks it could continue a lot higher, but it is quite obvious that going long here is like going long Bitcoin near 15000$, so be careful.
To me they both went parabolic and then had a major bull trap. A massive bull trap pushing a lot higher making people believe it will go even higher. Could this be just a continuation of the rally? It very well could, but to me the global financial conditions don't make me feel very comfortable taking a long trade right now. As this market is heavily dependent on Central Banks it could continue a lot higher, but it is quite obvious that going long here is like going long Bitcoin near 15000$, so be careful.