Dec 1, 2020
9:06:33pm
roseyscenario All-American
My point was technical, not fundamental. Clearly taking some work to break
out from the 2017 high. Expect it will do so, but not before more work. Media will fabricate the "fundamentals" to justify the resistance.

Remember the blow off tops in the broader markets in March of 2000 and October 2007 when the S&P peaked at 1553 and 1576. Both preceded crashes for various alleged fundamental reasons.

I'm not predicting anything except that these twin peaks following blow off tops historically hit nasty resistance.

But if Bitcoin is able to cruise past $20K quickly and stay there for a couple of weeks, it would be a most bullish indicator. My guess is, that will take a while. Just a guess.
roseyscenario
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