Bitcoin's Breakout is Very Impressive
- We think it’s good that the double-edged sword nature of declining interest rates is finally getting more attention on Wall Street.
- The DJ Transportation Index has underperformed in this recent bounce…and it’s seeing “death cross.” If it becomes a more prevalent one, it won’t be a good signal for future U.S. economic growth.
- Bitcoin is seeing some very nice upside follow-through from its recent breakout. It’s getting overbought, so it could see a pullback soon…but this action is very impressive on a technical basis.