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Cryptos – Still Exponential

By Vladimir Bondars in Bitcoin 1070 views 15th Feb, 2021 Video Duration: N/A

Last week we expected Bitcoin to reach up to the 45’000 – 50’000 range over the next few weeks. It took only a few days to fulfill these new targets. This week we seek help in equity analogs, trying to find an equity segment that may be showing similar dynamics in terms of timing. We found the KRE US Regional Bank ETF, which has also been progressing strongly and linearly over the last few months. It is driven by the rising in US long-term interest rates (which also score high in our analog analysis). More precisely, and that’s the point, we expect a slight correction on KRE over the few days and then a new leg up into March. We would hence transpose these projections to Crypto-Currencies. Ethereum has lagged slightly last week, yet its long-term prospects are still strong vs Bitcoin. We expect it to reach the 2’200 – 2’400 range over the next month or so (i.e. it's currently taking 1 oz of Gold in terms of price! By the way, 1 Bitcoin is now worth as much as a 1.5-2ct flawless very white diamond). Jean-Francois Owczarczak, Director, Management Joint Trust, and FinGraphs.com.


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