On February 22nd, we published an article titled “Bitcoin Set For Sustained Rally“. In the article, we conducted a technical analysis and noted the favorable chart setup and positive fundamental developments points to a favorable risk-reward profile for owning Bitcoin. Since we published the article, Bitcoin appreciated 16.4% (as of March 3rd close). As promised to our readers, we are following up on our call after Bitcoin recently crossed above its 50-day moving average, a catalyst we flagged in the previous article. We are happy to report that the chart setup and fundamentals all remain on solid footing. Thus, we continue to be bullish on Bitcoin and believe that the price should continue to move up from here.