Bitcoin Hits $57,000 and "The Halving is Not Priced In"
Intro:
Authored by GoldFix ZH Edit
Today's Market Commentary discusses Bitcoin's price surge in context of Jamie Dimon's recent comments about the Halving being largely discounted. it goes on to describe how that idea is debatable as measured by RSI against previous Halvings.
But, you know, when someone like a bank or Jamie Dimon says,' I think it's discounted', well, you know, he's talking his book. He probably wants to buy more. He's the bad cop in the good cop / bad cop situation.
Before that, the most important technical levels for Gold are discussed
"A move now above ___ (on a closing basis) would improve the long term outlook. In the meantime, the near term outlook is also neutral, but it is starting to “shape up,” and a close above 2055 will signal that the trading trend is finally turning positive once again"- GTA on Gold
- Gold starts: 7:10 mark
- Bitcoin starts 10:20 mark
Topics
- Market Prices
- Episode Summary
- News Headlines
- Gold Big Player Trading Levels
- Bitcoin Analysis starts
- Jamie Dimon and the Halving
- Outro
Key Charts
Bitcoin Halvings and RSI...
Gold's Macro Discretionary Technical Levels...
More on today's action in ZH's:: Bitcoin Tops $57,000 As ETF Inflows Soar, Ethereum Bigger Than ASML & Samsung
