Is Bitcoin Breakout Filing?
Tim Knight | Mar 25, 2021 02:01PM ET
I have one simple chart to show, and one simple point to make:
Bitcoin chart:
For months now, the crypto space has been (i) basing (ii) breaking out (iii) moving on to a higher plane. This time, however, was a total fizzle. It broke out, everyone was chattering about “institutional buying” (which apparently are the magic words), and yet $10,000 has been sheared off the price within days. Crypto isn’t necessarily doomed, but this is definitely not what the bulls want to see.
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