Mike Novogratz suggested to look at Bitcoin to Dollar chart. As on TradingView is only XAU/BTC, I inverted scales (red candles ago up). Mike Novogratz suggested that breaking the line can turboboost the Bitcoin price in relation to other assets.
Indeed, if wee will se at the chart, we see there is no significant breakout still (in relation to gold, of course). Let's remember that U.S. Dollar is not a true money anymore as is massive produced without any limitations. As other states' currencies! Currently all countries print money like crazy.
In my opinion Novogratz's had very good suggestion to look at this chart! So, let's see if Bitcoin will do a breakot!
All the best, as always, all the best regards, Paweł
Comment
⋅
Yesterday's drop was almost to the support line.
This chart is worthy to observe... Novogratz has right! ;-)
Comment
⋅
Tomorrow for Bitcoin:
Bitcoin will bounce-up or break-down... in relation to Gold, of course...