AB_Trading-Intelligence

BTC Injected w/ Bullishness from Paypal

Long
COINBASE:BTCUSD   Bitcoin / U.S. Dollar
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ANALYSIS:

BTC's price action yesterday was induced by Paypal's announcement of Bitcoin custodianship, which has been rumored for months. In most cases, this type of movement to the upside is unstainable, in which results in a deep correction to lower support. However, a player like Paypal, who pulled in roughly $17.77B in rev in 2019 will force the hand of others to follow suit and embrace the crypto space.

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