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Bitcoin Continues to Build a Case for Accumulation
Bitcoin has rallied slightly in the early hours on Tuesday as we continue to see a lot of choppy sideways behavior. At this point, I think Bitcoin becomes very interesting because we are in the midst of trying to sort out what to do next. So far, it looks like it could be a bit of a bottoming pattern, but we don't have any fundamental reason for Bitcoin to turn things around because, quite frankly, I think now that it's an institutionally driven asset, most institutions aren't looking to put on major positions just ahead of New Year's Day. Because of this, I think you've got a situation where buying on the dip is ... (full story)
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