So, with that being said, the market I do believe continues to look at the Bitcoin market as one that is backed by Wall Street, and that, of course, is via ETF. But as long as Wall Street has an interest in that, it does provide it with a little bit of a floor. Now, speaking of Wall Street, it’s a very quiet time of year for Wall Street. So that’s part of the problem as well.
Either way, every time this market dips, I’m thinking that on the bounce, I’m going to be a buyer. And eventually the measured move opens up Bitcoin to going to the $130,000 level above, with $110,000 below being a hard floor.
For a look at all of today’s economic events, check out our economic calendar.
