Today's vertical uprise has been neglected, BTC road to 6K !!!!!
After a pump from 7100 to 7900, price has been dropping, right now price is 7150, if 7100 is broken, which is most probably scenario, then 6k will be displayed for a few days.
As previously discussed, 200EMA is so far away, minning costs for most machines are around 3k, and otherwise, bear in mind about minners have been able to still minning with losses for an average 6months according to previous halvings.
On the other hand, most of indicators show up strong SELL signals.
There's a huge descending triangle which has been forming when BTC hit 14k 5 months ago, this retracement was expectable.
Furthermore, there's an special interest for whales about stretching out the bottom (3k?) in order to make bigger gains in late 2020.
In other words, probably BTC will drop to 6k in the following day/s and if that happens, we can talk freely about 5k for mid December.
As previously discussed, 200EMA is so far away, minning costs for most machines are around 3k, and otherwise, bear in mind about minners have been able to still minning with losses for an average 6months according to previous halvings.
On the other hand, most of indicators show up strong SELL signals.
There's a huge descending triangle which has been forming when BTC hit 14k 5 months ago, this retracement was expectable.
Furthermore, there's an special interest for whales about stretching out the bottom (3k?) in order to make bigger gains in late 2020.
In other words, probably BTC will drop to 6k in the following day/s and if that happens, we can talk freely about 5k for mid December.