Stocks as well as Bitcoin rally on Thursday, however this is simply a "dead feline bounce," said Chris Vermeulen, primary market strategist at The Technical Traders.com.
Vermeulen told David Lin, support for Kitco News, that stocks show selling indications, and while Bitcoin has some extra upside left in this bounce, he expects significant resistance at the $50,000 degree.
For these factors, Vermeulen is 100% assigned into money today.
Visit The Technical Traders.com at.
0:00 – Bitcoin cycles
11:34 – Equity market, 100% money
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