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Bitcoin may be about to play catch-up by jondoe

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bitcoin · @jondoe ·
$2.35
Bitcoin may be about to play catch-up
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<p><em><strong>Bitcoin hasn't rallied nearly as much as other risky assets since their December lows.</strong></em></p>
<p><em><strong>In fact, bitcoin is basically flat since then.</strong></em></p>
<p><em><strong>US equities are up significantly since then.</strong></em></p>
<p><em><strong>Also, emerging markets, which bitcoin has the highest correlation to, are up decently as well.</strong></em></p>
<p><em><strong>If we look for a similar move in bitcoin's price, we could see a big move for bitcoin.</strong></em></p>
<p><em><strong>https://i.postimg.cc/cCyG3tyJ/bitcoin-price-ath-feb19.png</strong></em></p>
<p><em><strong>(Source: https://www.ccn.com/crypto-expert-bitcoin-price-rally)</strong></em></p>
<p><em><strong>How big of a move?</strong></em></p>
<p><em><strong>Well I would not be surprised to see bitcoin challenge $6k within the next few weeks/months as it plays catch up.</strong></em></p>
<p><em><strong>With the FED no longer hiking any more this year, the headwinds for bitcoin are gone.</strong></em></p>
<p><em><strong>I repeat, the headwinds are gone.</strong></em></p>
<p><em><strong>Bitcoin is going to get some wings very shortly.</strong></em></p>
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@corndog54 · 
We need a movement 💩!
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@jondoe ·
$1.03
Poop does't move.
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@steemitboard · 
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@jondoe ·
$1.09
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