Bitcoin to $3,000 anyone???
No FUD here just real talk. I've been talking about this possibility, and I emphasise the word "possibility", for a couple of months now.
This market is a dream for whales, manipulators and fraudsters. They'll keep it going for as long as they can before the next cycle, which will involve regulations but again by their rules.
While everyone in the crypto space is hopeful and buoyant, we must continue to look at the fundamentals and the charts. The overall trend is still bearish for #bitcoin and #cryptocurrency in general. For #BTC, the price is still below the 50 and 200 day EMA, and the dreaded "death cross" is forming on the daily charts.
When investing and trading in such volatile and immature markets, one should always be aware of as many possible outcomes that have a chance of materialising. I may be completely wrong with my predictions but it's better to be informed than uninformed so you can make a decision on what risk you are willing to take.
Peace.
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Stay tuned for a lot more updates on ICOs and all things #crypto #residualincome #bitcoin #ethereum #litecoin #hustle #hustlehard #hodl #ripple #passiveincome #makemoney #makemoneyworkforyou #invest #investment #blockchain #futureofmoney #btc #makemoneyonline #ethereum #workfromhome #cryptocurrencies
For future viewers: price of bitcoin at the moment of posting is 8491.90USD
If the following is true than now would be a good time for traders to make leverage orders on dhorting Bitcoin if they are confident enough. Especially after this recent market spike, if people are confident on it going to $3K they can make some big bucks shorting it.