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Bitcoin faces $80,000 resistance level
itcoin is struggling to hold the $78,000 level and faces resistance at the $80,000 level amid geopolitical tensions putting pressure on risk assets. While there was quick optimism after bitcoin hit its highest level since early February, several analysts said the asset still faces headwinds. “Out of the woods short-term? No. Bitcoin crossing $78K is a bounce, not a bottom. The tape moved, the structure didn’t. Until it reclaims the downtrend line drawn from the $126K cycle high on a weekly close, we treat this as a dead cat bounce, a mechanical rebound at a level the market was always going to defend once, not ... (full story)
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For those people, fewer in number now than ever before, that are reading The Failing New York Times, or watching Fake News CNN, that think that I am “anxious” to end the War (if you would even call it that!) with Iran, please be advised that I am possibly the least pressured person ever to be in this position. I have all the time in the World, but Iran doesn’t — The clock is ticking! The reason some of the Media is doing so poorly with Subscribers and Viewers is because they no longer have credibility. Iran’s Navy is lying at the bottom of the Sea, their Air Force is demolished, their Anti Aircraft and Radar Weaponry is gone, their leaders are no longer with us, the Blockade is airtight and strong and, from there, it only gets worse — Time is not on their side! A Deal will only be made when it’s appropriate and good for the United States of America, our Allies and, in fact, the rest of the World. President DONALD J. TRUMP
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