Bitcoin rips to $68,000 in a quick turnaround

  • Bitcoin traded as low as $62,500 yesterday
Bitcoin hs
Bitcoin inverted head and shoulders

Bitcoin is up 6% today as it accelerates higher in North American trade.

The gains have traced out and inverted head and shoulders bottom that targets just above $70,000.

I also take this is a good sign for the risk trade, Nasdaq and software stocks. The AI disruption trade got too far ahead of itself this week with the Citrini stuff on Monday looking like a classic sign of a bottom.

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