NVT is hovering on the trend line, idealy most bull runs have started when it hits the red dotted line.
BUT like ive said many times, now that futures are a big part of BITCOIN its impossible for any ... ANY one to do a TA.
IF TA works then IMO we need to bounce off that re dotted line, untill then it could be a slow decline
if we also break below that long...
If institutions are coming in as they say (debatable ) then they are looking long term
imo they will just play with futures and coinbase tweets are full of shit
long term looks good, short term looks about to pop
and in my head its down to 8300 k area
but no one knows at the moment, but its close...... get ready
both white lines need to hold or IMO bitcoins in trouble for the short term, long term depends on getting joe public buying again NOT institutional money,
the ico craze helped get it to 20k and thats never coming back. we need mass man on the street OTC .
BAKKT is not the second coming ,
if you went in to a club with 500 people, half will have heard of...
so there it is, just my opinion, the curve needs to hold or at least be a loose marker to progress
bakkt - are institutional investors really into bitcoin and the twitter freaks make out?
imo its no!
i am still in the thinking CME do not want Bitcoin over 20k ever again and the last ATH where whales buying up on the futures news and shorting for a year on the...
RSR needs to hold key support.
lots of supporters but FOMO can only last so long while the alts take a bit of the market back from #bitcoin
RSR needs a bit of fomo to keep momentum
Not sure the whole project can provide good FOMO for a while at least
Telegram group very quiet and social media. SO!! i hear you say.... but its important in crypto as you all know
in my humble opinion we could see a big break down!
NVT needs to break that trend line upwards to take us to 13k
but who knows, its a case of keep an eye on it,
theres 2 futures gaps still to be filled at 8500 and 10800
past bull markets have have far more volume,
i think the whales will drop their BTC and start accumulating at 8k bringing in others to have a solid volume base,before we rise on to the bull market fully
these gaps still need to be filled at some point in the future
7200 #bitcoin lowest gap could happen but notice a higher gap which will need filling upwards of current price.
imo we could hit 7200 then up to fill the higest gap in the future