BITCOIN RECOVERY 

IIt's been a tough week as bitcoin saw a crucial support at around $40,000

This has brought with it a whole lot of alt coin action with Ada gaining 30% LTC gained 17%. On a US bitcoin saw support coming from the largest mining center in the world Kazakhstan with the stability that has been seen.

$ IS FALLING 

The highest inflation in 40 years is hitting the dollar as it sees a 7% hike in prices. This goes nicely with corporate investors looking to find a secure place to stash the cash. This might be the most attractive time to buy bitcoin. The price is being set for a huge slingshot as prices rise to over $100 000.00 by end of first quarter.

OTHER FACTORS AT PLAY  

This week has also brought to light news that Rio de Janeiro is planing on converting 1% of the city's revenue into crypto. Be it a local government it still takes shape for mass adoption being around the corner. 

WHATS TO CCOME 

If bitcoin continues to rise and breaks through a strong $44 000.00 resistance I think it will jump back up to about $48 000.00 If not I believe another sets of the $40 000.00 support should sling shit it to the target of $48 000.00 but that just my opinion.

Please don't take any of the information in this article as sound financial advice I am writing for entertainment purposes only. In no way do I want you to follow my opinions and loose money. Please do proper research before investing in anything. Don't be foolish be wise 

This was a quick weekly update from Derbycuzxrp till next time

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