Bitcoin briefly broke $10,000 again Wednesday, which has happened at least 5 times in the last month. This constant attack alerts technical traders that eventually it will flush lower.
How Low?
Target (NYSE:TGT) 1 is $8,800 and target 2 is $7,575. These are the two levels I plan to accumulate at. I have been patiently waiting to re-buy Bitcoin since it topped out around $14,000. I am a believe in crypto as the future mainly because of the massive printing of fiat currencies by central banks and the increasing debt of countries like the United States. It is unsustainable and a collapse is inevitable. When the epic financial collapse finally comes, debts will vanish and central banks will be dissolved. From the ashes citizens will demand a currency with a defined print structure so governments cannot just print trillions on demand. While I am a believer in Bitcoin, I am also believer in having it as part of an overall portfolio, not the entire portfolio.
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