Bitcoin Hit's The Moon! ---- and Then, Inevitably The Basement.Never has an asset extended its value as quickly as Bitcoin. Essentially hitting the moon shortly after its inception, Bitcoin continues to fail in reaching new significant highs. What seemed like a recent breakout of the top level, historical trend-line brought major excitement for eager bulls. Not to disregard the additional trend wall to the right, sellers are still very much in play.
Despite the halvening, despite the crazy amount of inflation in USD, despite the FOMO'ing of Permabulls, the staunch resistance up ahead remains. With very little momentum to sustain the direction, look for price to continue its fall throughout the next few months.
Considering how intensely passionate Permabulls are about Bitty. Let't not expect a quick drop but a long lasting one nevertheless. This is the season where Pumps get sold, all season long. Find your position and short your muthafuckin engines.
