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Bitcoin Rally: $82,000 Key Breakout Level as Crypto Momentum Builds

Bitcoin Rally: $82,000 Key Breakout Level as Crypto Momentum Builds

Of all the charts flickering this morning, the one that has me the most concerned is .Bitcoin Price Chart

This “coin” has pushed about $1600 higher and, far more important, it is approaching that dashed line which represents a breakout level. Strictly speaking, BTC needs to clear $82,000 to really get going, but even the act of pushing past last weeks’ high will give it momentum.

Such a breakout in crypto which adds even more fuel to the endlessly fueled asset rally that has been in place since late 2008/early 2009. At this point, it has been about eighteen years since an honest-to-God bear market has visited the country, and since $40 trillion in debt has managed to stave off any others, maybe the government has found the ultimate source of public…

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