November Price Action Shows You That The Nature Of Bitcoin Remains The Same

In partnership with

Yesterday, the stock market fell again, with more selling in the big cap tech stocks, that people are seeing, at this moment, as overvalued and wondering if so called “AI” projects will be profitable one day. I still view this as a simple dip and temporary correction for the US stock market.

Gold and mining stocks were up, though, which makes me feel even more confident that they are in a simple consolidation phase, with not a whole of downside from current levels.

One thing that did not act well, yesterday, was the price of Bitcoin, as you can see from this chart.