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Moody Crypto Markets and Bitcoin Recovers a Bit.

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Moody Crypto Markets!

At the time of this post Bitcoin is hovering around $33,500 which is right back in the range we've been trading in for a month. With the dip down under $30k I expected it to go lower and as I've said, I think we see some movement by September back up, but suddenly all FUD is fading and everyone has good BTC news?

Elon and Jack had their little conference the other day and Elon seemed to have softened up on Bitcoin. It's not so much that I care what they say, it's knowing a lot of people do care and will react. Especially corporations considering putting BTC on the books.

Another amazing "sunshine story".

$60K is now more likely for Bitcoin than $20K, Bloomberg's senior strategist asserts

https://cointelegraph.com/news/60k-is-now-more-likely-for-bitcoin-than-20k-bloomberg-s-senior-strategist-asserts

Bitcoin (BTC) has a better probability of recovering back to $60,000 than breaking below its current support level of $30,000 to target $20,000, believes Mike McGlone, senior commodity strategist at Bloomberg Intelligence.

Also keep an eye on ETH

I think ETH currently trading around $2114 will outperform ETH from now until the targeted release date of their London Fork, EIP 1559, which may reduce transaction fees and some are even predicting will make ETH deflationary.

I think the price goes up more with anticipation and then drops on release.

Time will tell!

Keep watching the crazy markets and try not to sell the bottom!

@whatsup

Posted Using LeoFinance Beta