Those who follow tecnical analysis on crypto and believe in it and there is truth to it I guess. Everything is run on computers and models have shown to have right predictions. Are we still in a bear market? BTC has been stabilizing around the $7,000 mark or close it it. What would happen if it : CryptoCurrency
Remained in such a steady place around that $7,000 mark and the subsequent 30 days have been simply boring as in it drops a few hundred features a few hundred, however over all the hypothetical state of affairs right here in this universe is this state of affairs. How would it influence the halving thats about to happen? Either a pump or dump throughout the halving huh? I’d say the bears need morality to go down. Don’t fret if the halving does nothing for it. I have learn many posts right here and seen the previous by means of charts. BTC at all times rallies X PERCENTAGE MONTHS after halving possibly even till subsequent 12 months we see the influence. I want this would moon quick as a lot as the subsequent man, however I’d relatively have constant progress. A $7K bitcoin going into halving how would that correlate with progress we have seen in the previous? Would Tom’s prediciton of a $14okay bitcoin EOY be constant? I’m not so certain now. How would he learn about corona virus? The impacts this can have on bitcoin is but to be seen. Not a large fan of predictions, however I know if the US authorities continues to bail out hedge funds and does nothing for the individuals nicely individuals will have no alternative however to pull out of bitcoin to help their wants even if they do not need to. That’s the drawback with the US authorities they have a grand answer staring them in the eyes and are still caught up in the 60s. We want younger bucks in congress.