Bitcoin On A Break Out
Bitcoin just hit its support line a hour ago of over 15,900 and is now poised for a possible massive boost. This could be a result of money coming out of other cryptos and back into bitcoin or possible further buy ins.
As you can see via the chart above bitcoin is on an upward climb and above the support level at $15,935 Current price writing this $16,347. This should be a clear call for a rally today.
Well dang that was another right call again lol I should be totally loaded by now :P
Great to see Bitcoin finally break out soon to newer heights.
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Thanks :D
Do you think the huge rise in alts versus Bitcoin is going to continue?
I honestly don't they seemed like money grabs as there was nothing behind it to support those alts really. And Ripple was the biggest which I don't understand why people like it since it is centralized and a company.
I'm keeping a close eye on the ratio. It is 37.5% BTC dominance right now of the $760b market cap. The market cap and ratio could change drastically in either direction.
It seems like money is moving out of ripple, steem, tron, cardano, etc.-- since they are all down today. I'd like to see them all go up, but that probably won't happen for a while.
I think word got out about Ripple not sure why thats ever even become a thing honestly
Yeah Bitcoin was just taking a vacation too during the holiday lol. This will be fun to watch today.
Bitcoin is back in action , I have seen a number of analysis today and I am optimistic bitcoin is in for another all time high in the next few weeks.
I'm ready to pick up some bargains with the likely bleeding of altcoins at BTC starts to pick up pace again. Hold on to your hats, full steam ahead!
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