Issue 84 – Next Test for Bitcoin Following Friday’s Bounce

October 1, 2021


Happy Friday, Cryptocademy!

What a day for Bitcoin and the rest of the crypto market! It’s certainly nice to see some green after the September slump.

Two key questions come to mind following Friday’s pump.

  1. Should you trust the bounce?
  2. What does BTC need to do to confirm that the bottom is in?

I’m going to answer both questions in today’s newsletter. I’ll also provide updates on ETH, ADA, and VET.

Let’s start!

Should You Trust the Bounce?

Whenever I discuss topics like this, I’m usually told I’m too cautious. Or if I’m on Twitter, I’m told I’m too “bearish”.

That always gives me a good laugh because I’m just as bullish as anyone else on cryptos over the long term.

But what about Friday’s bounce?

Does it suggest that the bottom is in, or was it just a short squeeze and nothing more?

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Justin Bennett

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About the Author

I'm Justin Bennett, a currency trader turned crypto enthusiast. My journey started with stocks in 2002. After limited success, I transitioned to currencies in 2007, which later became a full time trading gig. The journey continued, and in 2020, I committed to learning about cryptocurrencies. It was love at first sight. Cryptocademy.com is the culmination of my love for cryptocurrencies, my passion for financial markets, and desire to learn and teach.

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