The crypto market has recently been talked about as a potential inflation hedge asset aside from the commonly accepted asset such as gold.
Several banks and payment gateways are starting to open to the crypto market too.
While I will be interested to acquire some bitcoin myself, now may not be the best timing.
Should price retrace back lower potentially towards 10405 area, I'll be seriously looking to get in as a long term investment idea.
Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.