Today we have seen Bitcoin and Ethereum come under selling pressure as Elon Musks and The Chinese Central Banks comments on Bitcoins caused investors to sell the Cryptocurrencies. However, the pullbacks in price are actually within the average 1 Month Historical volatility of both coins!! This is really important to understand so please watch, so now is actually...
We look at Gold and Bitcoin being two long term buys as investors buy both assets as a hedge against inflation. Here are the fundamentals behind why inflation and interest rates are pushing Bitcoin and Gold Higher !!!
This is the lower timeframe analysis of Bitcoin. While the invalidation level remains intact we should be expecting a rally either short term or longterm. Time will tell! Best, Veejahbee.
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Bitcoin here at $9639 is looking like a great buy its very over sold on the RSI with it hitting below or close to the 30 on multiple time frames. We have established a high at 10227 and now we should be looking to establish a lower high and It looks at if we might be at the low.