Bitcoin is approaching the dreaded 200 MA line with high RSI and Declining Volume. I expect the price to fall down to the 6k zone. The legal hammer of the CFTC and SEC can pound Bitcoin's price to $3,000. In till that happens, do not expect anything lower than $6,000.
Instead of manipulated BTC chart I take look of USDT/BTC chart which is exact reverse of it.
Both MACD and RSI shows hidden bullish divergence and stochRSI makes a double bottom as you can see on 1D chart.
I am bullish ... on USDT. Target and timeline will be incorrect, this is just a food for tought.
Don't forget to take some profits, since it's altseason...
The green line is from when the tether printer started working overtime. If you think the green line is the new norm (you're wrong), then we should see a hard bounce any second now. Given the way this recent trend and news cycle is going, we will be at 2405.99 soon. Then the price will change. You heard it here first.
1) They didn't get ridiculous like stamp and dax 0.83% so they could fill the channel to $20K. Not sure how much sense that makes.
2) They could take their time and make a nice, extended 4th leg and hit $21.5K.
3) They could make btc -3.33% only folks' Christmas while killing the dreams of altcoiners, but as an added bonus, would likely induce @bitfinexed into...
