Good heavens, can you imagine what’s going through SBF’s mind these days? His firm was absolutely destroyed, as was his life, and the lives of his parents, all because of a temporary downturn in crypto. And yet, here we are, with Bitcoin absolutely rocking the free world. Knowing that fact is probably worse than prison itself.
I’d say, though, that BTC’s ascent is definitely looking ready for a breather. It had a SEMI breather in the form of its post-ETF sell-off (which was over $10,000) but it wasn’t enough to ever make it really appealing. So, once again, we’re approaching the tippy top of our lovely rainbow pattern.
I remain more enthusiastic about Ethereum, which is likewise doing great.
