Trust me. It won't go up like that. It will be sideway for at least 3months. I think in between 7k ~ 9k zone.
Think as you are a farmer. Orange farming was way too good and competitive. $2 per orange will barely keep you alive but the market expects to $1 per orange. Will you sell it $1 per orange? Or rather bring tractor to roll over your field to reduce the supply to make price go up?
Most of BTC miners 7k~8k is their barely able to hang their businesses. I know many buyers are waiting around 1k~2k but I don't think so. As long as whales think they've had enough and tries to leave the market. Then it can go anywhere. But I don't see that movement.
It will be 7k~9k sideway zone for few months. Trust me. BTC is not a finance. More like it relates with news, basic economy(supply and demand), and whales manipulate(if BTC gets overhype then dump to fu** us all. But if it's over scared then they pump it up). So it will be sideway because of buyers and sellers can't yield anymore than that!
UnknownUnicorn5021384
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@JuneZzang, Thanks for your comment!!! I do appreciate your input. My roadmap only needs minor modifications now and then. When we break a trend, I adapt the roadmap accordingly - almost a year doing this now. You can look back at my posts and see that I haven't needed to change it much and when I did, I usually caught it very early. While I acknowledge we may be changing direction, we have no clear signs that the road map direction has definitively changed. We remain firmly within the road map until we break out from it. My other post suggests a possible downturn path - you might want to check it out.
Think as you are a farmer. Orange farming was way too good and competitive. $2 per orange will barely keep you alive but the market expects to $1 per orange. Will you sell it $1 per orange? Or rather bring tractor to roll over your field to reduce the supply to make price go up?
Most of BTC miners 7k~8k is their barely able to hang their businesses. I know many buyers are waiting around 1k~2k but I don't think so. As long as whales think they've had enough and tries to leave the market. Then it can go anywhere. But I don't see that movement.
It will be 7k~9k sideway zone for few months. Trust me. BTC is not a finance. More like it relates with news, basic economy(supply and demand), and whales manipulate(if BTC gets overhype then dump to fu** us all. But if it's over scared then they pump it up). So it will be sideway because of buyers and sellers can't yield anymore than that!