Bitcoin has just made a new high for 2023 as the price crunches through resistance to hit $38,800.
The bitcoin story continues
The bitcoin story continues as this bull market for crypto just keeps on getting better. With the world in full financial meltdown there is one asset class that is proving the doubters wrong, and that is the crypto sector.
The undisputed king of the cryptocurrencies is obviously Bitcoin, and this giant that is taking the role of digital gold, is marching serenely on as fiat currencies debase, bonds take a mauling, and most equities struggle to survive.
Source: Trading View
New bitcoin local high – more to come?
On Friday, bitcoin, which had been hammering away at the $38,000 resistance since 9 November, looks to have possibly broken through. Of course, bitcoin needs to hold above the upward tilting triangle still, which if it does, would be extremely bullish.
Many have sold at each new resistance, believing that the next really decent retrace will happen, and t
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