Bitcoin is pumped to break out of parallel falling chanell.
But this is seems a fake break out as of no fresh capital is entering the crypto market, but only USDT Tether redistribution on biggest exchanges is happening.
Bitcoin is simply sucking out all tether from alternative coins to generate a bull signal and push algo trading systems start buying bitcoin...
Bitcoin will lose his value as soon as fake volumes produced by tether will disappear and we will see it at 2500 end of this year.
Grow till 10000 in 2020 due to halving would be the next rally ending with nex crush at 1500 end of 2021
Bitcoin continues sucking out all alternative coins.
Etherium was not so cheap like now since 2016.
This would not end good, as soon as panic will start and alternative coin traders will start dumping theirc coins for bitcoin.
It would result to short rise of bitcoin price due to artificial deficit of bitcoin, but will not mean there is new money entering the...
Violation of Parabolic grow ends with 80% crush like it was last many time.
We will see bitcoin below 3000 in September, wenn biggest exchange binance is going to shutdown access of US citizens to exchange
It is already 21 Weeks that bitcoin didn't make any correction.
This could and would not end good.
And taking into account that biggest exchange will block US customers on September 2019, it becames clear who are selling off all alternative coins, converting it into bitcoin as sowhy the there is artificial deficit of bitcoins on echanges, which will be cashed...
This is just an artificial pump by help of fake money tether and other "stable coins" owned by exchanges. They also sell off of altcoins to pump bitcoin and generate FOMO.
When real money will enter the crypto market not only bitcoin, but almost all cryptos will gain, like it was in may 2017.
No fresh money is entering the market.
90% crush like it was in 2014...
The similar trend in 2013-2015 shows 2000k per bitcoin end of 2019 before the real rally will begin.
Current hype is artificial as of almost all alt coins are in sell of and a lot of tether is printed to pump the market for big exit selloff
The parabolic grow is ending.
Could be we will see 12000 but most possibly the sell of will start already before 1 July.
As of we there were not real healthy pull backs in last 20 Weeks, we do not know where strong supports could be, at which price people will be ready to buy again.
If the psychological
will not HODL we will see bitcoin back to 3000 in...
This is longest Bull market in Weekly chart that Bitcoin have had ever before.
Would not end good.
For sustainable grow one need some bears.
I do not like when bears are hidden, we need to test where their resistance are, e.g. 7500 or 6000 or 5000 otherwise the bear will come out and crush bitcoin again to 3000.
Another crush to 3000 will finally kill most...
In next 10 days we will see which grow trend would we have for Bitcoin.
If the 7500 support will hold we will go linear to 50k
But even crush till 4500 or 3700 will not mean the end of bullish market and 50k could be reached via small parabolic grow.
Crush below 3500 would result to total fall till 2000
If Bitcoin will hold 7000 during next week pullback we will go linear and reach 50 000 per bitcoin in 2022.
Bull back to 4500 or at most 3700 will still mean parabolic grow to 50 000 is possible.
Below 3700 there will be another crush.