Description
⋅ I believe that this is the most likely scenario:
- RSI broke out - price should follow.
- 2018-12-12 bakkt physically settled bitcoin future contract goes live
- Retest of the bottom
- Sideline money goes back in after higher high / higher low is painted
- 137k btc get distributed by mtgox bringing less pressure to price than expected
- btc still counters central banks and keeps getting adopted as a store of value
- 2020 btc halving will bring inflation down to 900 btc per day, 1.79% year