Todays bitcoin candle was over $2200 on most exchanges. The last time we had a candle this big, bitcoin was still at 48k!

Just to put things in perspective. One of the best days for bitcoin since March 2022 (11 months ago) and it’s off of the back of bad macro economic news and stocks only going up slightly so it is purely a crypto fueled pump with not much external factors boosting it. If anything external factors are against us with the SEC FUD, CPI FUD, macro economic doom and gloom in general.

This could mean two things. Bitcoin and crypto in general has regained traction and popularity and is therefore exploding upwards on no good news, or, my less favorite option, it’s a bull trap and we might revisit 20k soon as greedy longs get liquidated in a famous flash crash. I personally like to stay optimistic this time around and enjoy the ride!