Saturday 21 November 2020

Bitcoin: Taking a step back

This rally by Bitcoin has certainly been remarkable, and Bitcoin seems to continue its run every few days, picking up right where it left off. We tend to look at the price of Bitcoin on a logarithmic scale on this channel, but perhaps it would prudent to take a step back and look at it on a linear scale. Can the price of Bitcoin push higher? Of course! But we must also recognize that there will be a correction at some point that will scare many new investors. TA Video by Benjamin Cowen.