BTC - the mundane, reliable, and always predictable BTC! - will likely not contest the green rectangle (major support).
1. too many people see april fractal
2. more buy volume than sell
- these buy orders are probably not over stretched because there's currently little market faith
3. indicators say so
4. cost of mining average across most participating countries is about 5k and won't get cheaper any time soon.
There's a small chance we'll bounce off 7,8 - 8k resistance if the start of this accumulation phase looks like the bottom.
I hope this post helps people not give into FUD.
1. too many people see april fractal
2. more buy volume than sell
- these buy orders are probably not over stretched because there's currently little market faith
3. indicators say so
4. cost of mining average across most participating countries is about 5k and won't get cheaper any time soon.
There's a small chance we'll bounce off 7,8 - 8k resistance if the start of this accumulation phase looks like the bottom.
I hope this post helps people not give into FUD.
Comment:
I see a few people posting this wedge
Comment:
for the record :)