Given so much bullishness in the air, maybe because of Halving which gives 100% certainty that price must go up based on such a huge historical data, I just expect this crap to hit the ground. By the way, did you guys already forget Consensus 2018? Last year most had been calling for a huge uptrend based on the astonishing past performance shortly before and after this event and what happened? I guess most of you do not know that correlation does not imply causation. In the previous post, by $0 as target I meant three digits which is where most bagholder will be disappointed, then I do expect it will get a strong bounce and it will either eventually get close to $0 (at worst) or it will be stagnant at three digits (at best). Also gotta say it's really amazing how strong bearish posts are able garner so much angry people's attention compared to "70/80/100/200k and beyond ideas" isn't it? this just tells me that the crowd is bullish which can also be confirmed by the long/short positions both on mex and bfx, even google trend and other sources. That being said, if you do believe this no sense will see bullrun over and over you're just fools.
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An idiot even told me this is not a pennant (which was supposed to push btc towards 30k) and in the meant time I see people who highlight imaginary cup & handle... At most we can see a so-called descending triangle on daily.
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HLAVING HALVING!!! HASHRATE is accelerating as fast as ever... could be that miners just frontran this event.. FOOLS trapped
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A fourth bounce at 9.4k can def happen, but that will be irrelevant.
I feel like the sub 3k range would have tremendous support (I have no idea for how long lol). I feel like the only way we would see the 3 digit range would be if large whales dump. Granted Ira Kleiman is going to get about 500,000 BTC's in a few months and he will have to dump 2 Billion dollars worth of them to pay Florida inheritance tax. Also Craig Wright may decided to dump part or ALL of his BTC from the Tulip Trust just to spit Ira. The thing is everyone knows that CW would have no problem dumping some major BTC just to fuck someone over he feels that wronged him too this level. Combine all of that and it will be a race between Ira and CW to see who can dump the most BTC onto the exchanges come early next year.