SkrillaKing: Could THIS catalyze Bitcoin (BTC) to break $11,000?
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Today the cryptocurrency markets are green almost across the board, Bitcoin (BTC) dominance has remained relatively stable while Total Market Capitalization struggles below $300 billion dollars.
In news, some major firms backing Facebook's Libra are feeling the regulatory pressure and might be backing out of the deal.
I also look at the S&P 500 and how a recession seems immenent.
Lastly, looking at the Bitcoin (BTC) miner activity in the past, we can see that when miners hit capitulation and begin to turn their machines back on we have seen bitcoin rally significantly.
Is this an early sign that the miners are expecting Bitcoin (BTC) to rally? Could be, nothing can be for certain though.
Bitcoin (BTC) remains in a NO TRADE ZONE as far as I'm concerned. Change my mind.
Cya on Sunday!
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#Bitcoin #Blockchain #crypto
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