Bitcoin looks set to end the week down as large-cap growth is driving up the U.S. equity indices. There's a substantial divergence taking place, and I'm betting that Bitcoin catches higher; I just need to see this manifest with a breakout above 73,000.
I keep reiterating the strength in Bitcoin mining stocks. While the short-term trends look set to consolidate in the coming weeks, they have become a favorable sector to craft a more longer-term bullish thesis in the crypto markets.
This was a rather positive week for the crypto complex, with Bitcoin looking poised to break higher.
At the same time, crypto stocks seem to be front running a Bitcoin breakout, particularly as merger activity in the mining sector has buoyed the price of these stocks.