Let's keep it really simple.
Since February we started seeing these very basic 20, 30 days mini cycles of sell-offs (or pullback) and accumulation.
What many newcomers to the space call "crash" it's just Bitcoin volatility respecting its cycle.
Zoom out and look at the pattern.
A newly formed flat top triangle is yet again cooking some massive buying pressure against the flat resistance level at about 60.7k USD.
Bitcoin has been really fond of these triangle structures for the last few months.
Keep an eye out for when we break through the flat top.
Two simple factors to consider about Enjin Coin:
Incoming disruption of the NFT ecosystem through Efinity and Polkadot synergy
Ecological relevance thanks to gas free minting through the Jumpnet framework
WHO BOUGHT (AND WHY IT MATTERS)
On the 7th of April the Coinbase listing created a massive catalyst effect, probably attracting a few whales into its...
BTC is sentimental and democratic, it responds very well to two things: ascending triangles and round numbers.
After 60k what's the next number which comes to your mind? Average Joe Buyer says 100k.
This ascending triangle is cooking some massive buying pressure, once we break 60k all hell will break loose and BTC will not stop.
Just me having fun, no advice.
