Well, bitcoin price made an all time high on Thursday and magically that is also when Treasury Secretary Bessent said in an interview that the U.S. Gov't would not be a net buyer of Bitcoin at this time.
Coincidence?
Maybe, but if you know this info and bitcoin is at all time highs, well, talk about a sweat situation for some easy money.
Looking at the chart we see the new all time high, but with the sell off we are now right back in the range.
The key is that this current selloff doesn't breach 112K, which is still a chunk away, as going below there will create bearish price action and none of us want that!
Posted Using INLEO