Bitcoin Is Right at Major Resistance
absolutely plummeted, and the US dollar spiked in value. Whether or not that has an opportunity to stick is a completely different question, but remember, there’s only so much in the way of institutional money in the market at the moment, so it will probably take some type of monetary policy change for Bitcoin to truly take off for the longer term.sign, however one has to wonder how much of it has to do with the idea of all of the Ponzi schemes and the crime going on with various exchanges.
If we break down below the $20,000 level, that’s probably the last of the upward momentum for a while. On the other hand, if we do break above that $22,500 level, then it’s possible we could go to the $25,000 level.
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