After a lackluster August and September, Bitcoin surged by approximately 30% in October. Bitcoin daily chart Finviz.comAs I’ve been showing, a massive wedge pattern formed in Bitcoin over the past several years that may indicate a significant move ahead. Bitcoin broke out of the wedge pattern in July, took a breather for a couple months, and is off to the races again. Bitcoin weekly chart Finviz.comFor the past several years, I’ve been very optimistic about the outlook for Bitcoin and other safe-haven assets like gold and silver. Because I had been correctly expecting a serious economic crisis, I have favored safe-haven assets over risk assets such as stocks and real estate.

Source: Forbes November 01, 2020 01:07 UTC