Bitcoin Meltdown - Update 3 (subscribers only)

Still above and below the line in the sand

In the immediate 24 hours before I posted this, bitcoin’s price ranged between $5,900 to $4,455. This is pretty much the same as it has been for days now. We continue bouncing around that 200-week moving average, popping up and dropping down seemingly at random, often with extreme swings in either direction.

Meanwhile, every other asset except gold has g…