To make it short, and using an existing chart:
The short squeeze happened this morning, pushing BTC to 39500 level. This is purely a dramatic play...
If it breaks 41000 USD, wow, we would be back on the road to 60K USD. This can happen before Dec 31/2021
Who know what would happen should we take into factors :
1. Inflation
2. COVID
3. SP500 start buying to hedge against inflation / dollar depreciation
The short squeeze happened this morning, pushing BTC to 39500 level. This is purely a dramatic play...
If it breaks 41000 USD, wow, we would be back on the road to 60K USD. This can happen before Dec 31/2021
Who know what would happen should we take into factors :
1. Inflation
2. COVID
3. SP500 start buying to hedge against inflation / dollar depreciation
Note
ANY ONE brought any?
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.