mortonpeak

new volume = new rebound

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
we'll reach down into the high 5K area soon, like we did in feb

but with higher buy volumes, there is a totally different buy-in condition. Way more investment at this price than in Q1. This is convincing behavior that we'll have dramatic pumps later this year.

I suspect that the new volume is 100% institutional, 100% professional, thus no one can artificially pump up this property without scrutiny. Hence, we'll get our rise, but nothing parabolic. Same targets hold as in q1, roughly 15 or 16K prices, mid year.

Institutional money makes the chart look dead, even though the pros are making 7x on their money by the end of the year -- a whole new breed of hedge fund wants BTC to build in consistent wealth delivery...

Forget your parabolic surges -- it will be a consistent biorhythm that brings about consistent buy points, followed by nice, attractive rises (~80 - 90%). Do that five times a year, and you're doing really well.
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