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Crypto is Too Big To Ignore

#cryptocurrencies

$BTCUSD $ETHUSD $GBITS

“Key market strategists have and continue tp endorsed crypto as a new asset class, helping drive Bitcoin back to $50-K each” — Paul Ebeling

Gains have brought prices to the highest since El Salvador made Bitcoin a legal tender in early September. A bullish Bitcoin is currently attempting to close above $50k on a daily basis.

Several altcoins are experiencing gains due to the strength of Bitcoin at the time of writing including GBITS.

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.

Gains have brought prices to the highest since El Salvador made Bitcoin a legal tender in early September. A bullish Bitcoin is currently attempting to close above $50k on a daily basis.

Several altcoins are experiencing gains due to the strength of Bitcoin at the time of writing.

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!

Paul Ebeling
Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.   

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