The $20,000 Question

Image Source: Pixabay

For those who may have missed it, I bought BTC as close to the bottom as I think humanly possible (which, for me, is sort of a lifetime first for any asset). I dumped it for a 9% profit about an hour afterwards. I mean, honestly, the price I paid was six-thousandths of a single percent point away from the lowest price of the day. Maybe I should have held it just because I got so lucky.

But here’s the far more important thing: the fact that crypto has broken key support. In particular, the big, round number of $20,000 is all that matters for BTC. Indeed, as I am typing this, it got within five dollars of it before falling again. Keep a critical eye on crypto.

Whether it can accomplish getting back above $20,000 by pre-open on Tuesday will inform the stock market’s direction.