"Joe Biden will unveil a coronavirus stimulus plan which is expected to include $2,000 checks, state and local government relief, and an extension of unemployment insurance provisions." - CNBC Interest rates have been creeping higher, bonds lower and our TLT Puts are up nicely in both the short term (PRO Service) and Intermediate Term (Premium Service) portfolios. Is Bitcoin somehow feeding off of all of this? It's not Biden's speech tonight, but the reaction of the markets to it that we need to pay attention to. I finally was able to get Bitcoin price data into my charting platform, so here are the Fibonacci based targets (and support for corrections) for the months ahead. Bitcoin dropped 25% in just five days last week, so it's not for the faint of heart. Support is at $32,820 and then $26,915 after that. High target is about double current prices, and likely much higher if that target is hit.
