BTC - I still think we are pulling back soon
Possibly quite a bit.
This run hasn't really created too many strong bases before it keeps going higher.
Pulling back to major moving averages like it did in 2016-2017 would mean prices could fall 30% easily and still be in the bull market...
Ironically a bear market is defined as 20% declines from highs...
Anyways, we are in crypto so I guess traditional rules don't apply?!
Anyways, look how far we could dip before we test significant moving averages:
(Source: https://twitter.com/Crypto_MoonKid/status/1142065606306488324 )
I think we dip to $7k in the coming weeks and you want to buy all in there.
I think.
My target price for the last month has been $7,500 so you and I seem to be on the same page. These pushes are based on nothing but bad news which does not add up at all.
Which bad news are you referring to?
Well there for sure has not been any good. But overall FATF, no etf any time soon, higher regulations, exchanges limiting coins to us investors and so forth. I can't think of anything positive coming out besides talk of price going up.
Posted using Partiko Android
Facebook launching Libra to potentially 2.3 billion people is pretty big news... some of which likely venture into bitcoin. Plus Bakkt, Fidelity, Etrade, and TDA all set to launch crypto trading services in the very near future...