Bitcoin is making believers out of everyone
Yesterday, the Fast Money Traders on CNBC were unanimous in their support of Bitcoin, something I have never seen.
Usually you get a couple guys taking the other side just to provide some more talking points on something...
But, during the clip last night, none of them could do that.
More than just talking short term trading, they were talking overall momentum as well as fundamentals.
Across the board, they were all fans of what bitcoin has going for it right now.
I am not sure I have ever seen that before, actually scratch that, I am positive I have never seen that before on bitcoin.
Looks like I wasn't the only one noticing that...
Given that, should we still be bullish?
Normally when everyone is starting to turn bullish that is the time to be fearful.
However, I don't think that applies here, at least not yet.
We are just now having a MACD cross on the weekly chart, we have a long ways to go before that thing gets overbought, like months.
The last 2 times we had one of those, was when prices ran to $20k in 2017 and then $14k in 2019. I think we are just starting one of those types of rallies right now, but from a higher starting point.
The chartists on Fast Money also really loved the chart:
They were saying how they think it is very likely going to $12k in the near term.
Too much momentum for it not to.
I tend to agree.
Oh and btw, this is just fun...
Steem doing very steemy things lately:
I never thought I'd see the day where I was so happy to see $.25 on steem.
Whether it holds this or not, this shows that steem can go up with the rest and that is something to be bullish about.
There has been a lot of speculation that steem might not be included in the next bull run.
Well, given the recent price action I'd say there is a good chance that it will.
Stay informed my friends.