Tomáš Hančar
Bitcoin attacking the realized price once again!
After spending about a month (33 days) below the 'realized price,' BTC seems to be finally attempting to break out from under it again. This is a KEY on-chain point of resistance and historically has been - In 2015, we spent almost nine months under it; depending what your trigger for 'leaving' back above was, 2018 it was pretty much the entire Q1, however, march 2020 only gave us about a week to get BTC at these luxurious 'sub-realized-price' relative levels. So what determines whether THIS IS IT! or not really? For today, dear friends, I've got potentially a great JINX IT catalyst - and that is, I KID YOU NOT, Jim Cramer kicking off the NYSE open. So tread carefully out there, don't overleverage. Cramer's NYSE open will probably be key in terms of where we're headed next. I wouldn't be surprised if we're pumping all the way to the US Open. Then I'd monitor closely. Maybe Cramer will arrange us one last quick previous low's sweep; perhaps this time, he'll be bearish, and we win :)