Professor's outlook is positive on BTC ands cryptos for reasons you can see here:
CPI report released today and a 0,2% expectation for the month vs 1,3% last week is expected to be a 'good result'.
Last week Btc intially dropped on high inflation before rising. Volatility is part of the 'game' and so it will be today as well.
In any acse my outlook is Bullish for reasons I have explained before.
Chart.
Middle of ascending channel is holding nicely as support. That means i am a buyer today, going Long.
Major news/fundamental: Cathie Wood of ARK Invest Says BlackRock’s Entrance to Crypto Could More Than Double Price of Bitcoin
Wood also notes another Bitcoin metric indicates BTC could actually surge even higher.
“The illiquid supply, according to our estimates, is about 14 million out of the roughly… 18-19 million Bitcoin outstanding… And by our calculations, only three million units are truly liquid. And so the demand – if we were to see a $1 trillion increase in demand – then it would probably drive the price up much higher than the doubling that I just mentioned.”
The possibility for going long seems to be stronger, but how long will it hold? thanks for the chart
Solldy
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Thank you for sharing your view on the analysis of this asset. There are some doubts regarding the levels the price may hit, but in general I agree with you
Lingrid
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thanks! I am with you!
AtlasTrades
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nice one ...I agree with this your support area on FTM/USD chart, thanks
MMBTtrader
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agree 0.5$ is also good target for fantom/usdt
TANcrypt0
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I want to share this resistance with you, it would be the key resistance for fantom to fly high