I'm far from a TA expert and not even a rookie. Having said that, there are so many people (I'd say 90%) on this platform that are saying bitcoin is heading to $3500. But these are also the same people who love to say that annoying phrase by Warren Buffett, "Be greedy when others are fearful and fearful when others are greedy".
The bitcoin fear and greed index has eerily predicted around 90% of the exponential run ups. Currently, the index is at an all time low score of nine. This is a very abstract idea, but people are just way too fearful right now for Bitcoin to not make a crazy run up.
Obviously many TA's will tell you this idea is insane with all of this talk of a bear market for bitcoin, but I'd very confident that within the next month that we'll be cracking 10K.
I like this post.!!! I do believe in GAPs tho and BTC Futures ended in the 5995 range i think so anything upward now will have to go back down to close GAP
rckt
⋅
I don't know what you're looking at but I'd say more than 50% of people on here making bullish calls
kaveveri
⋅
Unemployment is rising exponentially and businesses are going bust. I don't think people will have the money to be buying crypto right now as you can't purchase anything with it.