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Now Bitcoin reclaims 37k as Wood talks crazy numbers

Further to an earlier update, noting the rebound in Bitcoin to above 36k today, the lead cryptocurrency has now risen further and a short while ago reclaimed the 37k handle. The high seen just now was set at 37,771. The move higher comes after some quite crazy headlines from the well known investor, Cathy Wood. Wood has said that BTC could rise to $1.5 million. I do not know what she had to qualify that Rhetorical hyperbole, other than to state the obvious, that she is clearly not short of BTC. I think that it is one thing to look at the technical picture of this and try an analyse it for all that it is, but a different matter entirely to come out with calls like that. However, it seems that some people believe her this evening, because BTC is on the move. Perhaps, if you believe her too, then you can chase this for yourself. As for me, I will try to keep the commentary on a sane level, until I go mad too. Bitcoin is just now trading at 37,760 which means it has now fully reversed (and more) the downside move that took it to 34,924 yesterday evening.

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