Dear Reader,
Yesterday, we took our first look at broader markets since the monumental 2024 presidential election.
And apart from the bond market (which may be cautiously expecting a big shift in monetary policy in the near future), I’m seeing a big, flashing green light for stocks and commodities.
And then there’s Bitcoin (BTC)…
The world’s biggest cryptocurrency is up 39% in the last month, and yesterday, it rocketed past the low-end of my target range at $87,000.
This morning, BTC bumped up against resistance at $90k, but if it keeps knocking on the door, it’s only a matter of time before it breaks through.
With Bitcoin hitting new highs, there’s a ripple effect across the crypto world – Ethereum, altcoins, even Dogecoin is feeling the heat.
So, what’s fueling this crypto explosion?
In today’s video, I’ll break down the factors behind Bitcoin’s breakout, including…
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The Election Effect: The 2024 election results are a major catalyst for Bitcoin’s rally. Find out why…
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100k Bitcoin? We’re on the cusp of hitting $100,000 per Bitcoin – and I’ll show you why this could happen sooner than you think.
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Beyond the Hype: There’s still a ton of fuel left in the tank for Bitcoin’s growth. Think options on ETFs, bank custody, and even potential tax changes.
Click below to watch now!
And if you’re wondering about what’s next for the second-biggest crypto in the market, I’ll be back tomorrow to give you a closer look at what’s going on with Ethereum.
Good trading,
Tom Gentile
America’s Pattern Trader