KNCUSD
Recent rallies have shown mighty solid TA holding up. The rising wedge is normally bearish, but clearly saw a reversal when we had a mini rally that hovered around $8.50 (for 2 days), followed by a rising channel, which is bullish by default to around $9.60 (so far 3 days). NOW we are sitting 3 days into a symmetrical triangle in an uptrend. Let's see how this executes in the coming days.
Overall, July saw price move from $6 to $8 in one day, and now we have witnessed $6.90 to $9.60 in as little as 9 days.
Very minimal sell-side pressure outweighed by lots of decent volume on these rallies.
$15 does not seem out of the question. The question remains.....
"As Bitcoin becomes a digital store of value over the next 10 years AKA a non-transactional currency, where does Chainlink's Middleware fall in the importance of off-chain price data merging with smart contracts? Will we value BTC's actual $-value or something like Chainlink's oracle success? (especially when the masses start coming in).
