Over the last few weeks, I've come across this image on a nearly daily basis. Bears were calling for a massive dump, back to 30k or even 10k in some cases.
Now that we've made a new local high of ~55k, can we finally confirm that the August pump was not a dead cat bounce?
As mentioned in many other analyses, I think we're going to see a new all time high soon, potentially even this month. Whales have been massively buying Bitcoin over the last months, exchange reserves are at an all time low, and we're still too early in the cycle to have peaked.
If you're still bearish on Bitcoin, please share your thoughts and charts in the comments.
I would like to agree with you, i am 100% support of Bitcoin, but i find it hard to see this pushing higher with the the divergence I am seeing with the price action and the ADX. I do not think the momentum or volume is on our side. I see this going back to 30k. I appreciate your insight though
bL1TZZ
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Now, one of the great calls I made was when bitfuck was @ 19,600
I said it was OVER!
Smart money sell half and keep half.
MicroStrategy lost BILLIONS!
I know who's behind this THING, and it aint a fucking Japanese guy in a cave!
I KNOW the guy!
You heard it here first, Bitcoin is going to zero, ZER0!!!!