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Bitcoin Surges 60% In 2 Months, But . . .

Published 11/16/2020, 04:41 AM
Updated 07/09/2023, 06:31 AM

The ascent of Bitcoin lately has been remarkable. In a mere two months, it has gone up 60%. Remember, this isn’t a company. There are no products, no revenues, no profits. It’s just………..a tradeable thing. In any case, I’ve been impressed at how much sway the Fibonacci retracement has on this beast, and just as I said I liked Bitcoin at $13,000, I’m saying now I don’t like it at $16,000.

Latest comments

this is going to 20k hands down. I wonder what ******they'll be talking about next? will they still call this a scam? I think not.
Timing Bitcoin in a bull market is the craziest idea! Smart money simply HODL.
how do you like it. it is now at 16.825 $. it doesn't matter if it drops sooner or later. it will go UP and absorb most global wealth. BTC will be between 50 k and 320 k by the end of 2021 and 1 million by 2025.
Mr. Knight , you have wrote just a paragraph and posted a chart , but their impact is huge. Thank you very much . Greetings from Helsinki , Finland .
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