BTCUSD
One word: Sanctions. Bitcoin is a global store of value and payment system that preserves ones ability to transact regardless of race, politics, or religion.
There's an overwhelming bullish fundamental case brewing for BTC, given the increased level of financial censorship practices taking place by governing bodies. In example, Canadian citizens most recently had bank accounts frozen by their leaders. Now Russia was just cutoff from the legacy financial system. I believe Bitcoin will become even more important over the next 6-12 months as financial tensions mount.
3 things to consider for the bullish case:
1) Bitcoin is censorship resistant by design!
2) 76.5% of Bitcoin's supply hasn't moved in least 6 months, a new record.
3) Countries are actively seeking to adopt BTC as legal tender.
Time for BTC to shine as it was intended to!
NOTE: Trade at your own risk! Not investment advice.
Trade closed: target reached:
TG#1 hit! Was hoping for more bounces higher, but we take what winnings we get and live to trade another day.