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Daily Bitcoin and Crypto Analysis

Daily BTC Analysis

November 12, 2020
New multi-year highs are fast becoming a dull headline. Bitcoin is going up, it’s almost becoming a given, which in turn, leads to more funds flowing into BTC. In yesterday’s report, we delved into rotations within the capital pool. Today, just to help drive home the message, Altcoins have under-performed as Bitcoin has marched on to new highs — the rotation into Bitcoin from alts is happening once again.

It seems that it’s not just the money sitting in alts that is making its way into the ever growing market cap of BTC. The below chart compares the ‘FAANG’ stocks vs BTC. Quite a clear message! 

Bitcoin is where it is at. 

If this rally continues to build, then very soon we won’t be discussing not how many days Bitcoin has closed above $10,000, but Bitcoin’s first day closing above $20,000…

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