Interested in Bitcoin but don’t want to open a crypto trading account? Wall Street has something for you. ProShares said Monday it plans to launch the country’s first exchange-traded fund linked to Bitcoin. The ETF with the ticker symbol BITO is expected to begin trading Tuesday, barring any opposition from regulators. It’s the latest milestone for Bitcoin and for the…
Over the last 24 hours, BTC has convincingly broken to the upside resulting in price levels hitting the bullish target set in my previous Bitcoin price analysis piece just 2 Day ago. Price action looks to now be forming a rising wedge type pattern that should see BTC re-test POC around $11,250. Bitcoin Price Analysis 60 Minute Chart On the…
All speculative market manias produce signature characters. From the Yale economist Irving Fisher, who, in October, 1929, pronounced that stock prices had reached “what looks like a permanently high plateau,” to Charles Prince, the chief executive of Citigroup, who, in July, 2007, remarked, “As long as the music is playing, you’ve got to get up and dance,” these individuals are…
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