Aside from a total U.S. Market Capitalization that is now in excess of 260% of U.S. GDP (the historic norm, not the low, being 78%!) ...
... and a Doubly Exponential; f(x)=a^(b^x), Central Bank(s) push in equities , up to this point, ...
... and the leverage in the system (U.S. equity markets) now easily the eclipsing all previous records, by any measure, ...
Bitcoin is sitting at a decision point, right on a uptrend support line. IF we close below this support line a test of $10 800 is very likely. and if $10 800 breaks on a 4 hour candle close then we will most likely head back down to $10 000 with a potential to break and head to $9100
people saw eth rise so fomod into btc, but resistance wont be broken, so many altcoins easily replace btc. alt season coming, those who buy btc now will be rekt.
there are some new projects based on elrond. just to give u a hint.
This is a classic distribution pattern, idiots that fomo'd into this dump are about to get annihilated.
Whales are cashing out right now, youtubers and idiots on twitter are pumping it so they can offload the bags they picked up during the march dump.
I feel sorry for the idiots that are buying in right now, it will be a harsh lesson to learn kids.
We have a clear as day, blue as sky Panthers crux formation going on here.
I give it one or two more days before it really goes into the main spiral.
If you have not dumped, do so now. This is a apocalsye situation for BTC.
Don't' be a victim.
When looking at the VPVR it looks like we definitely hit that $3-4k area again. The price action in 2019 was not that of a bull market, nor is it now. In my view we are still in a bear market and I believe the whole stock market crash / Carona scare is coincidence / not cause and effect necessarily. I plan on buying spot bitcoin in the $3,000's all the way down to...