Is Bitcoin Telling Us Something?

Bitcoin appears to be pushing above its Fibonacci. In other words, it might be reaching escape velocity here, which suggests perhaps there’s a resumption of the need for a safe haven. It could be nothing, but I at least wanted to mention it.

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I’m just about ready to call it a day, but I wanted to mention before shutting down that Bitcoin (BITCOMP) appears to be pushing above its Fibonacci. In other words, it might be reaching escape velocity here, which suggests perhaps there’s a resumption of the need for a “safe haven“, as it had done a few weeks back when all holy hell broke loose. It could be nothing, but I at least wanted to mention it.

 


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