The Bigger Picture Behind Bitcoin’s Latest Price Rebound

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❏ Bitcoin's latest rebound above $5,000 isn't about new investors, it's a reaffirmation of its real strength as a resistant global network. ❏ CoinDesk

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Over the last few weeks, bitcoin has had its fair share of ups and downs. The volatility has chopped up many of the public bulls and bears alike as the market has struggled to find a consistent direction for more than a couple of weeks at a time. The market is currently in an interesting space as many macro trends have been broken. One major trend that was broken last week was the macro demand line shown below: Figure 1: BTC-USD, 12-HR Candles, Macro Supply Line Broken The break of the supply represents a macro change of character for the market and is undoubtedly a bullish signal. After bottoming around $6,500, bitcoin had a very strong, sustained rally for a 40% market value increase over a relatively small amount of time. Currently, the market is experiencing some turbulence as we test well known resistance points where lots of overhanging is present. Our current price level is the beginning of the hypodermic trend we saw late last year as we broke free of the parabolic envelop...
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Project Jasper Reveals Proof of Concept for Accelerated Payments

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