BUT.. What if, we are here as marked on the chart. If (which i believe going into the Halving) we are actually at the bottom of a channel then BTC has much further to grow.
A couple of very positive signs.
1- Dumps are on smaller volume (seller seem weaker each time) and getting bought up really quickly 2 - Printing of tether keeps rising sharply meaning (most likely) big Money keeps BTD.
People are worried about "Miner capitulation" Well, what if these dumps are from miners, which would make sense they dont want to crash the market to much, they need high average selling prices and every-time they are selling the big buyers are waiting to scoop up the Bitcoin.
Everyone is expecting BTC to dump due to miners cashing out to lock in profits, i think short traders are going to get caught "with pants down" expecting/waiting to buy back lower 5,500 region.. when BTC just keeps growing. Very interesting few months ahead.
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Looking Good, Target at 10k Have a feeling BTC going to march on to 10,500. Everyone is expecting a BTC after halving, Bitcoin never makes things obvious. Can say with some certainty that the new Bull Run is upon us, dont be the bear that gets hunted to extinction.
Interesting idea. I was questioning myself yesterday about this scenario. It seems unlikely at this moment, but we will found out in 5-7 days.
Sisif_trader
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@Sisif_trader, By the way, I am also bullish at the moment. :)
LadaToLambo
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@Sisif_trader, 100% going to be a lot of Bigs up and down candles along the way, as long as we keep making higher lows, then we are Golden. Keep a eye on the SPX500USD market also, BTC following its pattern quite closely.