You don’t have a rally like that without a digestion period
Dave on why he expects Bitcoin range bound after its largest week ever. Bitcoin had the single largest one week rally in its history, during a period when Mike was saying sell it, sell it, sell it. Now it’s at a price sitting just a little bit under, $3,000 or $4,000 under, its 50 week moving average. As luck would have it, we are going into a period where you expect digestion. Even Mike expects not a whole lot to happen in the next two or three weeks. So you’re going to have two or three weeks probably range bound somewhere between the low 70s to the high 70s. We’re at 78 now, we were at 78 last week. I expect it to be range bound for a while as it digests the largest week it had ever had.
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