Almost time for the next bubble. Wall street is now getting into bitcoin. The entire market cap of Bitcoin is less than 1 decent company. Stop predicting gloom and doom and get bullish! This is happening! Short term target is the downtrend line @ 330ish, then a retrace then back up through the line, about 6 months - 1 year of gradual rise, and then the Wallstreet bubble is on!
Worst case, bounce off the line, new lows, then try again. But I am finding that scenario harder and harder to believe.
Comments
cryptographic1
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After all this buildup, should at least see a trendline test. I really wouldn't be surprised if it broke this time though.
blackswan
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lots of bullish charts, absolutely amazing time to offload some bags..