This story was originally published here.
Bitcoin has been on a tear lately, running to its highest prices since its heyday rally in 2017. However, I don’t think the rally is over yet. The leading cryptocurrency may not be just getting started, but that doesn’t mean new highs are out of the question.
Can bitcoin breakout over its prior highs near $19,965?
That high is not a consensus, depending on which data sources one is using. Still, generally speaking this area marks the high. It was hit on Dec. 17, 2017. Bitcoin then plunged to $3,122 a year later.
What a volatile run bitcoin has seen. It had run more than 2,000% from December 2016 to December 2017, then fell more than 82% over the next year. Even though I have remained bullish on cryptocurrencies over the long term, this type of momentum-fueled blow-off top rally was bound to endure a big correction.
But now we’re back in rally mode and because bitcoin has had so much time to consolidate, the rally can still be maintained.
Let’s look at the charts…
Story continues here.
VIDEO: The electric car battery demo breaking the Internet
A new type of battery is taking the Internet by storm.
When you see what it can do you might not believe what you are seeing is real.
Insiders are calling a “paradigm shift” in energy technology…
A “forever battery” that will usher in the next great energy revolution.
Even going so far as to call it the “Jesus Battery” because the properties it exhibits are so miraculous.
Forbes calls it simply, “The battery that could change the world.”
Already, the world’s biggest auto makers are inking blockbuster deals to get this new type of battery into their fleets as soon as possible—General Motors… Ford… Toyota… BMW… Volkswagen… Honda… Mitsubishi… Mercedes… Nissan… Hyundai… Audi… and Porsche…
Even leading oil corporations like BP and Exxon are bracing for the impact it’s about to have on society and are now making huge investments.
What is this new battery exactly, and what is it capable of?
Editor, Matt McCall’s Investment Opportunities
P.S. Right now the world’s most influential businessmen are storming this red-hot technology right now, while it’s still in its infant stages: Microsoft Founder Bill Gates, Amazon founder Jeff Bezos, China’s richest man and Alibaba founder Jack Ma, and Facebook founders Mark Zuckerberg & Dustin Moskovitz just to name a few. Click here for the full story.