Bitcoin shows resilience despite all regulatory crackdown threats. See the bitcoin weekly and 2-hour chart.
Note that the jump in the intraday chart was partly ignited by the news that Amazon would accept crypto payments in a few month or a year. The news was denied one day later by Amazon saying that they are only monitoring crypto and the bitcoin price fell back abruptly then. But, amazingly, it inched up again…
Perhaps bitcoin is preparing for a new all-time high and the next run thereafter? At least, big businesses seem to think more and more about treating bitcoin as real money or a real investment. First it was Microstrategy and then Tesla. Amazon would surely open the flood gates.
Probably this is a good time for some trades, in particular according to the Trend Sigma system and for getting onto the run with the Pipdaq system.
