The market looks to be building up to a much-needed capitulatory move, to allow the shoots of a new bull market to take hold.
While still prevalent, the mantra “Blockchain not Bitcoin” is quieting as the sentiment towards Bitcoin is changing in the financial services sector, we take a look how.
Like Wile E. Coyote running off a cliff, over the last few days BTC has ventured below critical support and paused in mid-air.
Just like Maverick and Goose in Top Gun, BTC is flying right into the danger zone today. Although short-term painful, this is needed to move higher.
BTC has been submitting shorts to a classic test of nerves this week; our BTC targets remain unchanged however: $5000 in Sept, $29,000 by Jan 2020.