Check out our new platform: https://thecapital.io/ This week in Bitcoin Looking back over a rather slow news week in crypto, BTC chopped sideways briefly trading down at $10,150 before recovering over the weekend to test $11,000. Importantly BTC has stayed trading above the psychological $10,000 for a record 9 consecutive weeks. As stated in previous weeklies, we wouldn’t mind seeing BTC continue to track sideways and use the macro downtrend line as support and resistance until price meets the log long term trendline in Jan 2021 — as the old Wall Street saying goes, ‘’the bigger the base, the higher in space.’’ Building a base above $10,000 is significant. Even though BTC traded at the lofty high of $19,891 in Dec 2017, the nature of parabolic moves means the time spent at the apex of the parabola was tiny (a few hours) resulting in very few traders being able to actually exit positions or trade at the elevated levels. Despite the all-time high’s importance being ingrained...