Bitcoin moves into spring – also Ethereum visits Oklahoma

Greetings to all of you who are tired of Winter (with a capital W). We know we are ready to be rid of plummeting temps outside, and plummeting prices in the bitcoin and crypto markets.

With global warming picking up, and the arctic posting unbelievably record high temperatures over the darker months it seems the bears forgot to hibernate.

But low and behold, Tom Lee of Fundstrat Global Advisors, noted bitcoin bull, has emerged like Phil the groundhog and declared an end to winter, “the bottom is in for altcoins”. Of course this would mean a probable bottom for bitcoin as well since those two seem to go together like flies and the undead, or bullets and guns, to finish the Lost Boys reference. House of Stark, pack up and go home, spring is here.

Well, maybe. We live in flyover country, where the weather can turn on a dime. Too many times we get overeager and plant our tomato plants in March and then we get a big dump of a snowstorm that kills them all. Though as devoted bowhunters we do know that the time to go bear hunting is in the spring.

Anyway, aside from all the glib references, here is one chart which could show a path forward for bitcoin.

And here is Ethereum playing footsie with the Sooner state.

Published by aneanew

Developing tech since 1995. In crypto since 2016. Long term hodler. Sometimes speculator. Appropriate position sizing is important!

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