Bitcoin Price Analysis - Buy the rumour, sell the news

With gold parity in the rear view mirror in USD and JPY terms, the next big market move is the SEC ETF decision on March 11th, which is a Saturday, so expect an announcement on Friday, March 10th. Technicals remain heavily bullish with price targets between $1400 and $1800 in the coming weeks. Expect the SEC decision to negate any technicals in the near term when the announcement is public. I always discredit the ‘buy the rumor, sell the news’ paradigm but it occurs more often than not.

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