Quote from: lienfaye on January 31, 2020, 04:26:58 AM

Well it might be too early to say but we cant deny the fact that the start of this year is positive for crypto because of the growth in price of btc and other alts.

It's quite a good start when you take into consideration that the month of january isn't usually Bitcoin's best month. I think what contributed to this is how altcoins seem to be breaking bullish, and when that happens they help lift Bitcoin up too, while usually it's Bitcoin lifting altcoins up.

It's definitely going to be interesting to see where this goes and how traders will react just before/after the halving because that does present a solid sell the news type of event. Might be worth getting into a short if I spot signs of weakness early enough, but all that will translate into is a huge opportunity to buy the dip and add to your hodl stack.

Gold is holding strong too, which might help boost people's confidence in Bitcoin since the correlation between the two assets has been quite significant in the last 6-8 months. Currently it's hovering around $1580 but I'm confident that it will reach ~$1700 before the end of the year. Whether it will hold that level remains to be seen, but that's something to think about later.

https://goldprice.org/