Crypto Cracks Up

Crypto Cracks Up


After weeks of hanging around $28,000, Bitcoin ($BTC) finally broke free to the upside, conquering its Fibonacci resistance level. This is an impressive move.

BTC Price Chart

For crypto to really get cooking, Ethereum ($ETH) needs to push back the horizontal line I’ve drawn below.

ETH Price Chart

I’ve often described crypto as “” Well, perhaps the “problem” has been found, and it has nothing to do with NFTs or buying stuff. It has to do with establishing a safe haven for cash assets. Because it seems to me that the best thing to happen to crypto in a long time is the bank breakdown and the newfound fear people have of just keeping their cash in a traditional institution.


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