cryptonrek

BTC Bottom Exercise (Deep SA)

KRAKEN:BTCUSD   Bitcoin
Fundamentals: What's BTC used for? Who's into BTC right now? How much volume is coming in from the retail layer? What will it take for BTC to reach a confident state within the consumer market at scale? BAKKT? ETF? Regulations? Institutional money? Futures? Right now, BTC is being "tamed" and sold down into a buyer base that is lacking quantity, and they're buying into imminent losses. This projection shows the potential run up to $5500 USD via MM push from accumulation before sell down into $1500USD after to allow for DCA liquidation at a loss, at scale, as consumers flee for traditional stocks (buy that dip) and perhaps metals (Silver, Gold etc)

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