As the Bitcoin Halving draws near, the bears are in more and more fear.
It is believed under many people that BTC will fall more than 30 % before rising. This is complete nonsense because we are in a ''retrace'' not in a ''price discovery'' mode. So you cant just apply previous rises to 8000 to this one, because BTC already has been higher than 8000 dollars.
On top of that BTC is expiriencing the highest volume ever in the last month seen on Bitmex. ( sadly by far the biggest exchange )
The altcoins are stable and LTC is pumping hard because the halving of LTC is in less than 60 days. The sharp LTC rises prove the significance of the BTC halving to the large BTC holders. No one that matters is selling BTC now, do not count on sharp drops that the bears who have shorted are promising in the trollboxes and on tradeview.
2019
bulls : ferrari
bears: fiat panda or bicycle
It is believed under many people that BTC will fall more than 30 % before rising. This is complete nonsense because we are in a ''retrace'' not in a ''price discovery'' mode. So you cant just apply previous rises to 8000 to this one, because BTC already has been higher than 8000 dollars.
On top of that BTC is expiriencing the highest volume ever in the last month seen on Bitmex. ( sadly by far the biggest exchange )
The altcoins are stable and LTC is pumping hard because the halving of LTC is in less than 60 days. The sharp LTC rises prove the significance of the BTC halving to the large BTC holders. No one that matters is selling BTC now, do not count on sharp drops that the bears who have shorted are promising in the trollboxes and on tradeview.
2019
bulls : ferrari
bears: fiat panda or bicycle
Comment:
passing 8050 now on bitmex lets see if that turns into support.
Comment:
plebs destroyed:D