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Bitcoin takes out key level at 48,552

Well, I cannot say I am surprised really, but a few moments ago, Bitcoin took out an important Fibonacci correction level at 48,552. The lead coin has just now lifted very close to 49k  after surpassing that level. It seems like all these ETF issuers are keen to get stock on board so that have something to quote against perhaps? I am not entirely sure on that, but in any event the demand for BTC has completely ignore all that is going on around it, be that in stocks, gold, or the dollar. The price action is rapid though and volatile and you need to factor that into how you approach any trades in this market today.

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