November 11, 2024

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

Trump Trade Rolls On 

Please click here for a chart of bitcoin (BTC.USD).

Note the following:

• Our call on bitcoin has proven spot on.   On Friday, we wrote:

Bitcoin (BTC.USD) is being bought on hope that whales will take advantage of low liquidity during the weekend to run bitcoin up over $80,000.

• The chart shows that bitcoin has moved to $81,866 as of this writing.
• RSI on the chart shows that bitcoin is overbought.  However, in The Arora Report analysis, the RSI pattern shown on the chart is setting up for a higher bitcoin price, perhaps after a shallow pullback.