November 2024 - XRP time and BTC immortality above 100k

PREMIUM NEWSLETTER FOR PAYING SUBSCRIBERS (Released every Thursday each week).

A Quick Brief - 

• 100k+ Bitcoin in November? The argument for and against
  

• XRP and the investment narrative you may have missed!

Let’s crack in!

Welcome to this week’s edition of the CCI Newsletter…

Bitcoin is closing in on immortality - $100,000 USD per coin

And a 2 Trillion Dollar Marketcap…

It is now bigger than Silver, and the biggest energy company in the world.

As the United States prepares the ground for the Bitcoin Strategic Reserve, we have to wonder… how high are we going to go?

Let’s zoom back to last month when we outlined 3 options for Crypto investors (see below)

Since then, Bitcoin has been in the Green “up-only mode” following our most bullish outlook!

The Trump election victory (which we forecasted) played no small part in bringing a renewed level of confidence to the entire space - resetting the board in my view, giving large capital cover to position heavily knowing that the current hostility to Crypto is on the way out.

There are expectations of higher prices in the near term, and while we absolutely see Bitcoin higher over the next 6 months we want to remain sober that there is additional risk this close to $100,000…

Sorry to be a party pooper.

Bitcoin is now running into the Fibonacci extension levels we overlaid for targets last month. To recap it is where we expect sellers to get busy in the event that $73,000 broke (blue lines below)

….and now we are here.

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