BTC UPDATE
I can't say I'm locally bullish on Bitcoin.
More neutral, may be slightly
bearish.
The price formed an
ascending channel that leads the price to the $31,000 resistance.
However, such channels usually breaks downwards.
But, this is
not bad.
First of all, weekend correction is quite
healthy as it won't affect the market in a bad way. Secondly, more likely we will see an
outflow from Bitcoin and
inflow to Altcoin Market —
Distribution. And lastly, this will leave a
gap on CME exchange that will increase chances of growth during the
next week.
We are still holding Ethereum, still holding a lot of Altcoins. Any dump right now is the ability to
buy,
not to sell.
