Bitcoin has finally broken through 50K, making a new high for this cycle and breaking through a key resistance. This is clearly on the back of ETF spot buying, which is very encouraging.
That said, there will ALWAYS be retracements and breathers. I am not sure how high this will go, I would never short or fade this move... but I will be watching for dips to buy and altcoin opportunities.
That said, there will ALWAYS be retracements and breathers. I am not sure how high this will go, I would never short or fade this move... but I will be watching for dips to buy and altcoin opportunities.
scott.melker@texaswestcapital.com