Monero has been in a 9-month+ up-trend against Bitcoin.
People are starting to realize L2 solutions are fundamentally flawed, and using Bitcoin is like shitting in a glass bathroom.
If we can close above the 200W SMA, expect to see some serious shit.
"If Bitcoin is a hedge against the dollar, Monero is a hedge against Bitcoin."
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re-testing 200W MA. it would be insanely bullish if this held.
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dipped under briefly, but bulls weren't swayed.
how could you be, with the fed discussing non-anonymous CBDC...
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crabbing at the 200W MA
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141,000 bitcoin are set to hit Kraken, the only US exchange with XMR/USD and XMR/BTC pairs, in 2023.
Here's a thought experiment: how much liquidity is available on kraken, and what would the price of monero look like if even 1% of these coins flowed into XMR/BTC?
if you lost coins on Mt. Gox, 99% chance you were a tech nerd or a drug user (or both) -- no laser eyes.
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People are starting to hedge their bets, and it shows. I think 0.01 is closer than we think.
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5th consecutive green week would be awesome, but surprising.