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Bitcoin just soared $3000. from $43,000 to over $46,000. I wonder if Bitcoin like the market will now have an Extreme up bias on the first trading day of every month?

1:24 AM · Mar 1, 2021Twitter Web App

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Interesting observation.

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Makes sense. Investers and traders have that mindset already so it makes sense that bitcoin would pick up on it as well.

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Sure is something to monitor....

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I am not certain that Bitcoin is even a currency anymore and instead becoming an investment tool only.

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It’s still early, use as a currency could still be some time away!

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Apple also announced they bought $2.5B in it.

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Still in a descending wedge right below $46,444 fib line. We could retrace to the $42,769 line before bouncing back up and retesting. Really looking forward to the break of the 52,000 lines again so we can test 58,273 and hit 59k.

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There's a guy on YouTube called the Crytoteacher that says Bitcoin will be up at the 5th of every month because of the CME Futures. He's been saying that for a year now. So sell around the 20th to beat shorts and buy before the end of the month?