If there were to be some selling, on the 3 hour chart it might look like this. All I know is for several hours the price usually should have taken a breather but the buying was real. I saw the 1 min chart just defy all but fiat inflation logic. I guess this is so we don't have to go back to gold and silver coins. Fair price is about 17k-25k max, but life isn't fair. I say that because of mining BTC holdings and production cost, but with the difficulty costing more, halving of mining rate and the M3 supply of USD, so it is. All I'm saying is watch the longs and CLOSE THE SHORTS IN THE GREEN cause sometime soon the price will be higher. I can see some whales have begun to exit now, the miners have not dumped more than 12k BTC since the big old pump around Christmas.
Commentaire:
amazing