History return and Technical Analyses does not matter. Crypto don't care about what wallstreet says or does. Because wallstreet lost their power in crypto.
Why is this possible. It looks like real money does not matter if the whales want it to go up it will go up they will create the best environment and plan how they want it to go. Also this looks like exact planned compared to rumor in the stock market. And the more fear in crypto the better since idiots do put huge margins in a market they don't know. And since there are people in crypto who have more power on the price they will use it to cut margins. They will just hunt those who use margin. When everyone things the price will go down they will use it to make huge pumps in short terms.
And there are many many people wrong about how the bitcoin price goes. Because they don't know who is behind this all. But bitcoin is like a pump and dump scheme and it use it's history again and again it also looks like nobody learns.
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Well It is going like expected..
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Reason why this bear trend since December wasn't really a bear trend. It was more an recovery of the huge bull trend just enough to continue to a next huge bull trend. Why? See RSI it never did go below the bottom line. If it did you should worry but it didn't and even if it did it should be done much faster. Have a nice bull run and enjoy it. Might be the last one.
I only wanna ask a one question why do you think that 8000 is a bottom .we see the 20 k and 8 k %60 down but if we Look at the history it is More then %90 percent
UnknownUnicorn1024359
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@oymer007, yes you re right.bitcoin will go to 1249,- thats where smart money entering the game again.
MaffeProg
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@oymer007, Well nobody knows the exact bottom. But it was not 8k it was 6k.