Tracing Bitcoins 11th Jan flashcrash to now, extended onwards...
Bitcoins flashcrash on January 11th 2021 was a 31% drop, the current one is the same length, if it holds at the current support level and maintains the 4 hour EMA then retracing the same path, extended into the future puts it at the current price in the next couple of weeks, before a push towards the £50,000 mark at the start of April just before the new tax season. Setting new ATH's from the end of March.
With $2Billion BTC having been transferred over to Gemini, a more institutional orientated platform. This could be the start of the whales and institutions trying to monopolise (and stabilise) bitcoin, whilst hiking the prices for the BTC left in other platforms for retail traders. With ETH launching 2.0, cross chain projects springing up, and Celo looking to bring crypto to a more public consumer & mobile payments market, will Alt coins finally start to move away from reacting to every twitch BTC has after this?
With $2Billion BTC having been transferred over to Gemini, a more institutional orientated platform. This could be the start of the whales and institutions trying to monopolise (and stabilise) bitcoin, whilst hiking the prices for the BTC left in other platforms for retail traders. With ETH launching 2.0, cross chain projects springing up, and Celo looking to bring crypto to a more public consumer & mobile payments market, will Alt coins finally start to move away from reacting to every twitch BTC has after this?
