Sadly from what I have heard...80% of BTC is still held by exchanges overseas allowing for a lot of manipulation. It is centralized by a few in power and easy to manipulate even though the technology is decentralized. BTC fans will hate me for saying that but hate the truth all you want. What is even scarier is that there is 71% dominance in btc over the entire market. I will sell the hell out of this if we head closer 20k before the end of the year. Still expect a hype before the futures bakkt storm. If we are closer to 20k before then...down we go...if we are closer to 6k ...up we go... pretty simple analysis thats based on factual sentiments of market behavior from history. Just re-applying some simplicity here. These prices don't look good for mass adoption of BTC. Nobody wants a crumb in an asset if you are apart of the mass population but they look good to push back to 20k and short again once they release futures on Bakkt.
IF you are a BTC fan..I need some schooling so please enlighten me on the production of BTC and what the hell is happening. For someone who is heavily into this I lack the protocol knowledge as to where these devs are taking it and what is going on. So don't hate me..just enlighten me..I am a fan of manipulation in this market and I can see it spike and drop but I also see our curvature happening around 7-8k zone like I stated awhile back once we got our levels set by the big investors.
Do you think they'll make it more appealing again around 7k? Or do you think the masses are shit out of luck this time and we will continue on forth up wave 2 into a new ATH? ...This technical analysis seems more realistic to me...a spike up making a head...a right shoulder...retest to 7-8k ...then up we go. I think a lot of people see it going lower than that or WISH for it to...but I just don't see BTC heading any lower than 6200 unless we get a big dump on purpose. Lots of exchanges are also closing due to regulation. Many adjustments are happening this year so volatility is going to be your best friend if you dont buy the middle!!!! DONT FORGET ELECTIONS ARE ALSO COMING UP AS WELL AS MORE TRADE WARS WITH JAPAN.
Where are my BTC fans? help a brother out! Thanks all! BTW I am attending a bankers Digital Asset meeting today. I will inform you what they say about DA if there is anything important.
IF you are a BTC fan..I need some schooling so please enlighten me on the production of BTC and what the hell is happening. For someone who is heavily into this I lack the protocol knowledge as to where these devs are taking it and what is going on. So don't hate me..just enlighten me..I am a fan of manipulation in this market and I can see it spike and drop but I also see our curvature happening around 7-8k zone like I stated awhile back once we got our levels set by the big investors.
Do you think they'll make it more appealing again around 7k? Or do you think the masses are shit out of luck this time and we will continue on forth up wave 2 into a new ATH? ...This technical analysis seems more realistic to me...a spike up making a head...a right shoulder...retest to 7-8k ...then up we go. I think a lot of people see it going lower than that or WISH for it to...but I just don't see BTC heading any lower than 6200 unless we get a big dump on purpose. Lots of exchanges are also closing due to regulation. Many adjustments are happening this year so volatility is going to be your best friend if you dont buy the middle!!!! DONT FORGET ELECTIONS ARE ALSO COMING UP AS WELL AS MORE TRADE WARS WITH JAPAN.
Where are my BTC fans? help a brother out! Thanks all! BTW I am attending a bankers Digital Asset meeting today. I will inform you what they say about DA if there is anything important.
