BTC Injected w/ Bullishness from Paypal
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ANALYSIS:
BTC's price action yesterday was induced by Paypal's announcement of Bitcoin custodianship, which has been rumored for months. In most cases, this type of movement to the upside is unstainable, in which results in a deep correction to lower support. However, a player like Paypal, who pulled in roughly 17.77B in rev in 2019 will force the hand of others to follow suit and embrace the crypto space.
Appreciate you taking the time to view my analysis, in which I hope you may find it beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing.
Also, I’m new to charting game and the crypto/stock space. So, if you have any constructive criticism or tips, please share.
Cheers & Happy Trading!
----------------------------------------------------------------------------------------------------------------------------------------------------------------
ANALYSIS:
BTC's price action yesterday was induced by Paypal's announcement of Bitcoin custodianship, which has been rumored for months. In most cases, this type of movement to the upside is unstainable, in which results in a deep correction to lower support. However, a player like Paypal, who pulled in roughly 17.77B in rev in 2019 will force the hand of others to follow suit and embrace the crypto space.
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