Bitcoin $16,000+ and institutional FOMO getting in: a technical analysis

After almost 3 years Bitcoin exceeds the resistance of $ 16,000 and continues its inexorable race towards the peak of late 2017 — early 2018.

What could have been a relatively quiet day for the stock market, shaken by the uncertainty of the US presidential elections and since Pfizer’s vaccine, it turned into another positive day for the world’s number one cryptocurrency. We do a top-down technical analysis to…