Bitcoin has it's highest weekly candle! Can bitcoin supply meet the demand?
Bitcoin has officially had its Highest Weekly Candle Close!
One fact that is incredibly momentous for the Fundamental Analysis for Bitcoin, is that when we are at levels that have never been overcome before. Eventually these levels will be broken and become the building blocks for future price action.
This is a perfect example of Bitcoin Supply being too low and Demand sitting at incredibly high levels.
The absolute supply of Bitcoin in production can not keep up with the amount purchased on a daily basis. There simply is not enough to go around at the current price levels.
Welcome to Crypto Summer Friends