Hello, this is a "what If" Situation...
BUT.. What if, we are here as marked on the chart. If (which i believe going into the Halving) we are actually at the bottom of a channel then $BTC has much further to grow.
A couple of very positive signs.
1- Dumps are on smaller volume (seller seem weaker each time) and getting bought up really quickly
2 - Printing of tether keeps rising sharply meaning (most likely) big Money keeps BTD.
People are worried about "Miner capitulation" Well, what if these dumps are from miners, which would make sense they dont want to crash the market to much, they need high average selling prices and every-time they are selling the big buyers are waiting to scoop up the Bitcoin.
Everyone is expecting $BTC to dump due to miners cashing out to lock in profits, i think short traders are going to get caught "with pants down" expecting/waiting to buy back lower 5,500 region.. when $BTC just keeps growing. Very interesting few months ahead.
BUT.. What if, we are here as marked on the chart. If (which i believe going into the Halving) we are actually at the bottom of a channel then $BTC has much further to grow.
A couple of very positive signs.
1- Dumps are on smaller volume (seller seem weaker each time) and getting bought up really quickly
2 - Printing of tether keeps rising sharply meaning (most likely) big Money keeps BTD.
People are worried about "Miner capitulation" Well, what if these dumps are from miners, which would make sense they dont want to crash the market to much, they need high average selling prices and every-time they are selling the big buyers are waiting to scoop up the Bitcoin.
Everyone is expecting $BTC to dump due to miners cashing out to lock in profits, i think short traders are going to get caught "with pants down" expecting/waiting to buy back lower 5,500 region.. when $BTC just keeps growing. Very interesting few months ahead.
Can say with some certainty that the new Bull Run is upon us, dont be the bear that gets hunted to extinction.