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“Key market strategists have and continue tp endorsed crypto as a new asset class, helping drive Bitcoin back to $50-K each” — Paul Ebeling
Olumide AdesinaTue, October 5, 2021, 10:51 PM
Bank of America Corp. strategists endorsed crypto as a new asset class, helping Crypto surge above $50k.
Bitcoin is “too big to ignore,” as the interest in cryptocurrency is increasing on Wall Street despite its many controversies, according to a report from BoA, America’s 2nd-largest bank.
Its latest rally Bitcoin broke 2 priors resistance marks and is now trading at the upper end of its 2-month-long consolidation range.
Key crypto analysts expect the coin to test its all-time high around $65-K soon.
A breakout above 52.9-K targets the all-time high if the short-term overbought conditions can hold long enough.
We view dips in price as a buying opportunity, so we move in to buy the dips when they occur.
Have a prosperous day, Keep the Faith!