QuantumEconomics

Purple circle shows the Xi-Boom

Long
BITSTAMP:BTCUSD   Bitcoin
The announcement from Xi Jinping that was quoted in Crypto news sites on October 25th that China should "seize the opportunities of blockchain technology" caused one of the largest moves bitcoin has ever seen. Here we can see that the entire pump was still contained within the wider channel that has played out since the recent price peak of nearly $14,000 at the end of June.

Come sign up for our top notch daily market insights at: quantumeconomics.io
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.