Bitcoin is screaming higher, the whole crypto market is, but dont let that scare you. This word bubble is what amateur say when they dont know how to value assets.
STI (True Strength Indicator) above the 0 line and blue line has just crossed the red line a clear up trend.
SHORT TERM-We are in a strong up trend, but I expect a down turn in the up trend soon. This also depends on what the stock markets deiced to do its looking a little shaky.
LONG TERM- Bitcoin will go up as long as new debt creation happens and the dollar index goes down which it is in a confirmed down trend now, i.e. devaluing the currency.
Check out my other post:
Bitcoin will go higher than $2000 and dollar index down -6%
Brazil stock market crash down -10% in two days
Something to take account to, is the scalability of bitcoin. Now are rumors of the miners they will are going to agree use Segwit and later expand the block size to 2Mb...
So it is going to climb quickly.
You are 100% correct. Thank you.
HI Greg, thanks for Following and the upvote, I do the same for your post.
Its crazy how it just keeps going up!!!!