Bitcoins recent conference and overall price chart have something in common- Getting outperformed by the market. While btc is still number one in the market cap ranks it is pretty clear that it is not of the strength of the past in terms of tech, being able to offer all other products a bank can(these are all on other blockchains) and price. (eth is up 3x over btc from last cycle lows)
BUT
El salvador accepting BTC as legal tender is no joke for it’s long term trend AND the rest of crypto’s. With that being said i think BTC retesting slightly above last cycles top would be fitting for the run to 100k.
BUT
El salvador accepting BTC as legal tender is no joke for it’s long term trend AND the rest of crypto’s. With that being said i think BTC retesting slightly above last cycles top would be fitting for the run to 100k.