Bitcoin (BTC) closes in on $69000 per coin As Billions are flooding into BTC and other cryptos, crashing the glitchy COINbase exchange, showing up as "zero" worth accounts. BTC is now in extreme bubble territory, trading into no-mans land.



Bitcoin (BTC) is now in no-man's land, as it reaches $69000 for a single coin.  There is no price resistance, except the price support at 60K.  Meaning?  It is in bubble territory.  As BlackRock set this thing off with their Billion$ supported BTC ETFs, everyone wanted a piece of the pie, so Billions$ flooded in to take advantage of BTC to be that assetless hedge could be used against the U.S. Dollar (safe haven?) on those illusive Fed rate cuts in 2024.  In all of its perpetuation, we are witnessing mania.  And yes, as you can see with the above chart, only as a guide, I bought in at 63K and cashed out at 63K +.

On a side note, Coinbase (partly owned by BlackRock) which came under scrutiny with the last surge/sell of Bitcoin, as an unregistered security exchange in 2023.  And has since realigned itself with the BlackRock ETF BTC bull run as the entity that holds the exchange rights to trade mega dollars of BTC and BTC derivatives.  Showed up its glitchy side once again, with the crypto/BTC fever redux in full swing, its trading app showed 0% accounts for 'some' of its users.

The above chart is self explanatory.       

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