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RE: The BTC Denial

in #btc6 years ago

Following, upped and ReSteemed. Well I agree that the TA is correct but I disagree with the end result. This down trend is being caused by the Chinese New Year. Now while Bitcoin is still down, the market Cap has been growing and it has been doing so without our friends from the far East. 10,000 is a big even and without some crazy bad news I do not see Bitcoin falling past 10k. Once the Chinese New Year is over I believe within 4 days Bitcoin will retrace to 17k and within a month new ATH. That being said we will also see some Alts bleeding as BTC rounds 15k so be ready to close out positions and move them to BTC. Just my opinion.

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I hope you're right!

Crytpo is the future, we are early adopters, we are in a little bear market, but this will pass..

look at Jan. of every year.

I agree with the logic. However I think that even with the return in volume from Asia the trend may play out. But we'll see!

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