Funny how quickly the $ZEC narrative changes just because it didn’t follow $BTC higher for one day.
One day of underperformance shouldn’t erase how strong ZEC has been over the past six weeks. Over the last month alone, holding Zcash has outperformed Bitcoin by roughly 160%.
But no asset stays ahead forever. If the broader market pulls back and ZEC loses the $1,430 support, I’d be watching the $1,250 area as a potential liquidity zone.
After six weeks of expansion, a pullback could simply be the market giving buyers another chance to reload.
#CircleLaunchesInstitutionalBTCBackedBorrowing
One day of underperformance shouldn’t erase how strong ZEC has been over the past six weeks. Over the last month alone, holding Zcash has outperformed Bitcoin by roughly 160%.
But no asset stays ahead forever. If the broader market pulls back and ZEC loses the $1,430 support, I’d be watching the $1,250 area as a potential liquidity zone.
After six weeks of expansion, a pullback could simply be the market giving buyers another chance to reload.
#CircleLaunchesInstitutionalBTCBackedBorrowing
