Current Tether Supply Suggests Bitcoin Price Is Correcting to $20,000

in #bitcoin5 years ago

Bitcoin price charting on a longer timeframe, market structure and the issuance of 1 billion Tether so far this year are making crypto and equities analyst FilbFilb incredibly bullish on BTC/USD in the run up to the 2020 halving.

Bitcoin traders split into 3 groups
Since correcting from 2019’s all-time high of $13,800 and thrice failing to break above $12,500, crypto investors broke into three camps.

Full article :
https://cointelegraph.com/news/current-tether-supply-suggests-bitcoin-price-is-correcting-to-20-000

Sort:  

This starts reminding me of two weird price theories about stock warrants and underlying stocks...

I think that we should wait for Justice Joel M. Cohen to make the verdict regarding the tether scandal. We have 2 more months.

Indeed the price situation with tether is beyond weird ...

Congratulations @cata22! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You got more than 300 replies. Your next target is to reach 400 replies.

You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

You can upvote this notification to help all Steem users. Learn how here!

Congratulations @cata22! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 3 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

You can upvote this notification to help all Steem users. Learn how here!

Coin Marketplace

STEEM 0.15
TRX 0.17
JST 0.028
BTC 68866.74
ETH 2459.40
USDT 1.00
SBD 2.41