Wednesday, April 21, 2021

THE RISK OF A CORRECTION IN BITCOIN LOOMS LARGE

BITCOIN COULD SOON SOAR TO A NEW-ALL TIME HIGH

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Hi Crypto Academy Network,

Crypto exchange Coinbase had a stellar listing on April 14 as briefly it was valued at $112 billion, finding a place among the top 100 valuable companies in the United States. Right from its debut, celebrity fund manager Cathie Wood’s ARK funds have been on a buying spree, purchasing $246 million worth of Coinbase stock on Wednesday, $110 million worth of the stock on Thursday, and $64 million worth of the stock on Friday.

Bitcoin behaved the way we had projected in the previous analysis. Traders who had bought on the breakout and trailed their stops higher according to our suggestion could have exited at a small profit. The biggest cryptocurrency broke out of the overhead resistance at £44,238 and made a new all-time high at £47,240.05.

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