Bitcoin, Buy, Sell, or Hold? That’s the question?
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IMO, we are in the most critical days of Bitcoin rally.
We should consider all the possibilities..! Why? Because at the end of the past bullish rallies Bitcoin experienced a massive correction of 83-86%..! What makes it more interesting is that Bitcoin corrected -27 to-35% just in the first month.
At this moment I believe Bitcoin is not either a buy or sell. For those who have it in their portfolio it is a clear hold, but for those who don’t , it is better to watch it for a clear breakout! Which side, up or down?
At this moment, I believe no one can answer the question!
I believe the bearish case is more probable! Why? Because:
Bitcoin with +1.1 Trillion market cap is
- 6th biggest tradable asset after Alphabet
- is bigger than the first 3 biggest banks combined JP Morgan Chase (433B) + Bank of America (306B) + Industrial & Commercial Bank of China (290B):1.029 Trillion
What is your prediction? Upward Or downward Breakout?
It could be interesting for you if you check my Tesla analysis with the same title..!
Moshkelgosha
We should consider all the possibilities..! Why? Because at the end of the past bullish rallies Bitcoin experienced a massive correction of 83-86%..! What makes it more interesting is that Bitcoin corrected -27 to-35% just in the first month.
At this moment I believe Bitcoin is not either a buy or sell. For those who have it in their portfolio it is a clear hold, but for those who don’t , it is better to watch it for a clear breakout! Which side, up or down?
At this moment, I believe no one can answer the question!
I believe the bearish case is more probable! Why? Because:
Bitcoin with +1.1 Trillion market cap is
- 6th biggest tradable asset after Alphabet
- is bigger than the first 3 biggest banks combined JP Morgan Chase (433B) + Bank of America (306B) + Industrial & Commercial Bank of China (290B):1.029 Trillion
What is your prediction? Upward Or downward Breakout?
It could be interesting for you if you check my Tesla analysis with the same title..!
Moshkelgosha
Nota
Dont let the 60k price tag fool you..! Bitcoin Market cap is 1/10 of Gold..!Gold's Market Cap
Estimated Market Cap: $11.055 T
The Market Capitalization of Gold is currently around $11.055 T.
This value was obtained by multiplying the current gold price ($1,740 per once) with the worlds' above-the-ground gold reserves.
The amount of above-ground reserves for Gold are estimated to be around 197,000 metric tonnes according to the World Gold Council. Note that the estimated ground Gold reserves can vary by up to 20% from one source to another.
As a consequence, it is safe to say that the current Market Cap of Gold is between $8.844 T and $13.265 T.
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