For the past two months, Bitcoin has gone absolutely nowhere. This is remarkable, considering the totally different political environment in which we now reside. One would reasonably expect Bitcoin to be at least twice its prior peak, what with all the D.C. bluster around it.
Looking at the moving averages over the coin’s history, you can see how the angle of attack is getting increasingly muted. I don’t necessarily think $109,000 is the ULTIMATE top, but it’s close.
Most “alt-coins” are trashed, even now, and even tier-two coins like Doge (even with its very famous moniker these days) has sputtered away a bunch of its post-election gains.
Yet Doge is a champ compared to the many hundreds of coins that look more or less like this:
I did notice that, having slipped lower for weeks with hardly any support, the $TRUMP coin rallied mightily late this week, right on the heels of the President talking to Putin. How about that, eh? I daresay Vlad followed through on a promise to make a huge purchase in exchange for some political favors, since there’s absolutely no other reason for this thing to lift off. Half the gain has already evaporated, so it’ll be interested to see what happens in the days to come with this very obviously political coin of the realm.
