BTC Halving, do or die in a potential Coronavirus 2nd wave.
We are facing the BTC halving and the big question is are we seeing higher highs or lower lows?
The big difference to other halvings is the fear of Coronavirus potential second wave.
Bitcoin is surging thx to people moving big amounts of money outside of SWIFT.
In a pandemic economy where lots of people are more cautious and fearing a second wave, I believe the stock market will take a new hit and Cryptomarket aswell unfortunately.
With lower prices and 50% lower reward, miner will be tested.. heavy. Its do or die for them.
If more and more miners shut down because of liquidity problems, people will also get more scared for the blockchain survival.
Therefore, we might.. just might, see lower low at 3,1k.
BTC have tested MA100 at 2W frame, but now as we have MA200 in 2W frame at 3,1k, we might retest the MA100 at 5,9k and if that does not hold, then bella ciao. Cya at 3k area.
Its do or die for BTC and investors all around the world should now decide what positions thet will take. Cash out and wait for better entries in the stock market, or take new positions in blockchain technology market and different Crypto assets.
Time will tell, and I'm excited to see what investors will do.
Im little more short then long just because of the world circumstances unfortunately.
The big difference to other halvings is the fear of Coronavirus potential second wave.
Bitcoin is surging thx to people moving big amounts of money outside of SWIFT.
In a pandemic economy where lots of people are more cautious and fearing a second wave, I believe the stock market will take a new hit and Cryptomarket aswell unfortunately.
With lower prices and 50% lower reward, miner will be tested.. heavy. Its do or die for them.
If more and more miners shut down because of liquidity problems, people will also get more scared for the blockchain survival.
Therefore, we might.. just might, see lower low at 3,1k.
BTC have tested MA100 at 2W frame, but now as we have MA200 in 2W frame at 3,1k, we might retest the MA100 at 5,9k and if that does not hold, then bella ciao. Cya at 3k area.
Its do or die for BTC and investors all around the world should now decide what positions thet will take. Cash out and wait for better entries in the stock market, or take new positions in blockchain technology market and different Crypto assets.
Time will tell, and I'm excited to see what investors will do.
Im little more short then long just because of the world circumstances unfortunately.