Today’s Nuggets
The $7K God Candle
BTC Cup and Handle Breaks Toward $124,500 Target
We Now Have a Bitcoin President
Building a Strategic Bitcoin Reserve
IBIT $1 Billion in Volume in 20 Minutes
Gold is Tanking
Tesla Analysts are Working Up
Solana Flips Binance’s Market Cap
Toly on the Failure
Chokepoint Team Getting Choked Out
The Fed is Boxed In
Welcome to Moonvember. This story is called God's Candle and things are popping up everywhere.
The crypto market cap is now $2.5 trillion, and there have been massive gains across the board today. Many people, including myself, had the biggest day ever in the market.
Congratulations to everybody who persevered!
Shout out to Oliepek, who created this beautiful little art form on the beach somewhere. $76K is big, as we are getting close to the all-time high that has been there since the beginning of the year when the ETFs launched.
This is what we are looking at as a $7,000 God Candle.
We only had a couple of $5,000 candles so far in Bitcoin's lifetime. There is a lot of big stuff happening today.
Bitcoin has eclipsed Meta as it is now the ninth-largest asset on the planet.
This top 10 ranking will change a lot over the next couple of years, especially as disruption happens.
MartyParty's cup-and-handle prophecy also came through and he believes we are heading to a target of $124,500.
We will talk about a couple of targets today because there is nothing like a $7,000 candle to get people excited and talk about targets.
We will talk about the impact of politics on crypto because, as I have always said, it is inextricably linked.
If you cannot handle the politics, you should
Keep reading with a 7-day free trial
Subscribe to InvestAnswers Newsletter to keep reading this post and get 7 days of free access to the full post archives.