After volatility has passed through all markets, many investors are waiting for this exciting action to be repeated. However, Bitcoin was still quite boring compared to the commodity market and the stock market. Trader Cole Garner has embarked on an extensive analysis, in which he brings to the discussion new and interesting ideas about the fact that Bitcoin is on the edge. He thinks we’re in a bubble.
Low volatility: Calm before the storm?
The commodity market and the stock market are thriving. Shares outperform their ATH. On the other hand, Bitcoin flirts with the first hundreds over 7,000. What to expect next? Renowned trader Cole Garner brings his perspective.
On his social network, he compared different bubbles with the situation we are currently in.
12/ Have a look at some of these historic bubbles and see for yourself.
— Cole Garner (@ColeGarnerBTC) April 22, 2020
Plenty of hedge fund manager's careers have been made shorting this exact pattern. pic.twitter.com/tmyeHhkhnc
Although logic with a bubble makes sense, it is necessary to count on a massive stimulus from the state. This is exactly what CEO BInance Changpeng Zhao sees as the biggest problem.
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