Dimoncator: Bitcoin Is Down Almost $9,000 from the All Time High

It's getting worse.


I think we could have a Bitcoin indicator called Dimoncator, named after the J.P. Morgan Chase CEO, Jamie Dimon.

Why?

Here it is.  It appears the CEO does not have any credibility because Bitcoin would move the opposite direction based on what he was saying.  Last year, the CEO called Bitcoin a fraud, and his comment sent Bitcoin to nearly $20,000.  Since his back pedaling,  Bitcoin has not been able to stop the bleeding.

It's true.  Bitcoin just cannot stop the fierce decline.  It's down almost $9,000 at the current level from the all time high.   If you are holding on to your Bitcoin, you might want Jamie to say something negative about Bitcoin now.






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