Following the first mini-rally of 2020, Bitcoin had quickly reached our mentioned target of $8400 before getting rejected. From there, the cryptocurrency saw a steep drop towards the 38.2% Fibonacci level (~$7850) of the last spike. As of writing these lines, Bitcoin is trading around $7900 – $8000 for the past hours, preparing for its next move. The turning point of Bitcoin is not a coincidence. It happened just as the uncertainty around Iran’s revenge had disappeared, as President Trump was speaking. On the contrary, Wall Street surged to new highs. In one aspect Bitcoin won: it proved its correlation to Gold, ... (full story)