Well, it's official. BTC, XBT, whatever you call it, has not only officially broken the downtrend, it has now officially entered an uptrend.
Not only that, it has finally diverged from the larger stock market. (The stock Market has been going down the past week, and BTC has been going up This hasn't happened in a while either. This is important, because it could signal institutional money is no longer in control of BTC's destiny.
A real show of strength from Bitcoin.
This is not trading advice, simply my analysis, observations, and opinion.
Not only that, it has finally diverged from the larger stock market. (The stock Market has been going down the past week, and BTC has been going up This hasn't happened in a while either. This is important, because it could signal institutional money is no longer in control of BTC's destiny.
A real show of strength from Bitcoin.
This is not trading advice, simply my analysis, observations, and opinion.
