Our updated small chart shows more support than resistance and given that ''no news is good news'' continues, Bitcoin is 60% likrly to rise to next resistance at 57k than at support of 39k.
Bitcoin dominance chart is coming close to mild support and that will also be an interesting chart to look at.
When it comes to altcoins, Solana has had a great run to all time highs. Combine that to Cardano launching smart contracts and Ethereum attracting more and more interest (including Microsoft now) and the mix is competition!
Let them compete, let them inovate, let them change the world and we will be part of it.
Yet nobody competes with Bitcoin no matter how hard speculators are trying. It's just not going to happen.
ps. While discussing gold as a hedge with a friend today we ended up googling 'Quotes Gold' . Here are two of those quotes on gold:
- If you like gold, there are many reasons you should like Bitcoin. (Cameron Winklevoss) - I think anybody who is interested in keeping their money safe from the criminal banking system would want gold, silver, and Bitcoin. (Max Keiser)