WARNING Bitcoiners, #BITCOIN to plummet 38% to the $6000's

Bitcoin has respected has respected the age old resistance rooted established in December 2017.

This resistance has paused the recent momentum that pushed the price of BTC to slightly over $10 000.

coinmarketcap.com data on the 11th of June 2020 has shown some interesting cryptocurrency movements:

1. Tether (USDT), a cryptocurrency that is pegged 1:1 to the US Dollar, removed XRP (Ripple) from 3rd position to becoming the 3rd largest cryptocurrency in the world by market cap including today as I write this USDT is still maintaining the 3rd position.

2. On the same 11th of June, the 24 hour volume of Tether was over $38 billion which was almost $10 billion larger than Bitcoin, something almost unheard of. Today is the 18th of June and the 24 hour volume of #Bitcoin is $18 Billion and Tether is standing at $21 Billion. The irony :).

Something is definitely big brewing and the question to ask is why are big time whales holding on to their Tethers?

I think they're expecting to buy in at cheaper levels than current levels.

So it would not come as a surprise to see Bitcoin reach lows of the $6000's and worst case scenarios of the $3000's.

Nevertheless this presents an incredible opportunity to buy Bitcoin cheaper if it does happen and may perhaps be the last time we see those prices....