At the doors of the next jump. This is how I see Bitcoin at the moment. The rise is not certain and of course it is not free of risks but the signs are there and they cannot be ignored.
Free to use under the Pixabay Content License
It seems that we will see another Christmas rally in Bitcoin and perhaps later also in altcoins. Hive is also moving but it tends to take longer although it also moves more violently. But it is clear that the strong hands have been accumulating since after the summer and that is usually the prelude to another consistent bullish movement.
Now we are at the doors of maximums and if the resistances fall the exit can be fast and violent upwards.
Of course it is not free of risk. Elections, regulations and global instability are factors that always play a role. We only have to see how gold and silver, which are the historical safe haven assets, rise. This should give us a clue that something bad is coming. It may not be bad for cryptocurrencies but it is for the financial system.
So stay tuned because it's going to be a very busy 12 months ahead.
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