Possible Explosive BTC Movement at 2020 Halfway Point?
There are quite a few ideas mentioning how the monthly candle will be closing today (in about 50 minutes), but what people aren't mentioning that the 1, 2, 3, and 6 month candles are all closing. On top of that this also the exact halfway point of 2020.
Last July 1st the price opened around 11,139 and the lowest point of the day was at 10,396, nearly 10% lower. This isn't to say that the same price action will occur, we are at a significant closing of the year, and as a result we may see some high volatility going in either direction.
Aside from my price conspiracies, take this moment to consider where we are in Bitcoin's history. We are halfway through 2020 with the price currently sitting just above 9.1k. That's pretty good for magical internet money. Some of you may feel that you joined in too late (I certainly do), but in 5 - 10 years when we all have lambos and financial independence (whichever comes first), we will get to say that we were in the market during 2020. No other year will look as cool and futuristic as 2020 for a while. We are all trading in the market of the future and we should all feel cool about it.
Last July 1st the price opened around 11,139 and the lowest point of the day was at 10,396, nearly 10% lower. This isn't to say that the same price action will occur, we are at a significant closing of the year, and as a result we may see some high volatility going in either direction.
Aside from my price conspiracies, take this moment to consider where we are in Bitcoin's history. We are halfway through 2020 with the price currently sitting just above 9.1k. That's pretty good for magical internet money. Some of you may feel that you joined in too late (I certainly do), but in 5 - 10 years when we all have lambos and financial independence (whichever comes first), we will get to say that we were in the market during 2020. No other year will look as cool and futuristic as 2020 for a while. We are all trading in the market of the future and we should all feel cool about it.
