I think it'll hit the July high again, but then again, I'm thinking the stock market will as well, and that's a safer bet.
It hasn't been trading with the market on a day to day basis but for the most part, BTC is trending with the general market. Other cryptos are in the garbage pile along with garbage stocks like PTON, SFIX, FCEL, BLDP, etc.
VFS stock shows how quickly bubbles die in a high interest rate environment. I don't recommend cryptos, but just posting this because I know some of my followers trade crypto and I plotted it so might as well post it.
It hasn't been trading with the market on a day to day basis but for the most part, BTC is trending with the general market. Other cryptos are in the garbage pile along with garbage stocks like PTON, SFIX, FCEL, BLDP, etc.
VFS stock shows how quickly bubbles die in a high interest rate environment. I don't recommend cryptos, but just posting this because I know some of my followers trade crypto and I plotted it so might as well post it.
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Like I said, the stock market is a safer bet, especially when there's geopolitical issues.Nota
Looks to me like Hamas killed the crypto rally. Not moving up with the market as I had expected it to do. Looks more like it wants to retest support.Good luck, I don;t recommend crypptos right now.
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I actually bought a few BITO puts EOD today. Beer money bet, but I figured I might as well since I was looking at the chart, lol. Small bet because BTC is hard to time with options.ALtcoins are def toast though.
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