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Bitcoin Blasts Off on Monday
Bitcoin rallied again during the trading session on Monday, as we are now well above the $125,000 level. The $125,000 level is a large, round, psychologically significant figure that caused a bit of a headache over the weekend, but ultimately, I think we’ve got a situation where Bitcoin continues to go higher. If we pull back from here, the $120,000 level is a potential support level, followed by the $117,000 level, as it has been important multiple times. I think part of this is driven by risk appetite, but it’s also driven by the idea that traders may be looking to put money in other places than the US ... (full story)
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