Since earning season will start next week and real corona problems would be visible and reality how hard the economical crisis is, the markets will crush.
As of in between bitcoin became highly correlated with financial market and is no more an alternative to financial market the 50-70% crush of financial market would result to same crush in crypto.
Since 2018 the technology stocks, in this case NASDAQ are performing better than cryptocurrencies in this case bitcoin. One need to pay more bitcoin to buy techno stocks.
Seems the markets are now almost equivalent and if one will crush then other too.
Seems crypto hype is over and money is flowing out of crypto into techno Stock markets.
One can get less and less stocks for one bitcoin.
But it could be also a dead cat and we will see another crash of stocks and rise of cryptos
Tesla is only a bubble pyramid, that will hold as long as there is free money.
Earnings will be published end of July and awakening will start.
Tesla will also need to pay bills and will need to sell something.
SPX crushes never stopped above MA 200.
Even FED pump of 3 trillion into market, buying even stocks of companies that are in bankruptcy, would be over.
Earlier or later the crush of -50% will happen as of people will need to sell something to pay bills - already 20% unemployed, 30% not paying rent or mortgage bills in time.
As long FED pumps money to keep the...
Halving usually changes nothing in coin adoption.
It is a signal used by traders to pump the price and make some profit on money of honest hodlers.
Verge Currency Halving happening twice a year.
And this time the price could fall below 0.001 if the crush of world markets will start in next weeks.
The crisis is not yet started.
This is just a usual correction seen during previous crisis too.
Bankruptcies during next months will result to further 50% crush an all stock markets.
This is the last chance to sell.