✴️ WILL BITCOIN GO UNDER 10K AGAIN? 🤑
Bitcoin has been on a huge run since April 1st. Bitcoin rose from $4000+ all the way up ti $13,800+ in a few short few weeks. 📊
Do you think this little mini-bull run that we have been on is sustainable or do you think another small correction is around the corner? 📈 📉
Let's go to the charts... I pulled on the "daily" chart (pictured above). By looking at the charts, we are going to see tons of volatility in the next few weeks.
This run up just seems very fishy for me... with Tether printing over 2 Billions dollars in the last few months, stats showing that 95% of all trades and transactions are fake, lack of users on all Dapps across the board, hardly no no use case for all cryptos and many other factors.
I'm still currently a "macro" (1-3 years) bullish on Bitcoin and Cryptos. However, in the short term (1-3 Months)... I'm quite bearish. 😳
Can I be totally wrong?
Probably... Bitcoin can shoot up to $16,000 before a huge correction happens. If i knew all the answers, I would have already been a "Crypto" Billionaire. 🤣
If you can get Bitcoin at $4000-$9000 is a freaking steal because at the end of the day, its going to be one of the biggest investments you have ever made in your entire life... years from now.
So what are your thoughts?
Will bitcoin go back under 10k and test 6k, 7k, 8k or have a run up to its all time highs at 19k+ once again toward the end of the year?
All I know, anything that goes parabolic tends to end badly just like we all seen in 2018. Only time will tell....
Keep On STACKIN! 😎
~ Charles Fuchs
Want To Trade Bitcoin with 100X Leverage? Create Your Free Bybit Account Here in 30 seconds and claim your $60 Welcome Bonus!
For those who's interested in following my "Content" and "Daily" Posts... you can just follow me @stackin to get my updates.
You Can Follow Me Here:
➡️ Facebook: https://facebook.stackin.co
➡️ Twitter: https://twitter.com/CharlesFuchs
➡️ Instagram: https://www.instagram.com/Stackin.co
➡️ Steem: https://steemit.com/@Stackin
➡️ UpTrennd: https://www.uptrennd.com/signup/MTczMg
I Will buy at 9500 if I can. A lot of People talking of 9000 limit But I Think that Will not happen this time.
Posted using Partiko Android
There’s lots of targets right now from $9200, $8500, even $7200. Worse case would be $4000 😳😀
Posted using Partiko iOS
So - do you have an TA at steem too?
Posted using Partiko Android
Just like most alts... alts/btc value are all falling knives this whole year. Wait til bitcoin consolidates... you still can catch the falling knife if you plan to hold for 1-2 years 😳😂
Posted using Partiko iOS
It is really hard to say but I do think that we will have to spend more time consolidating before the market is ready for another move up. A drop below $10K could happen at any moment but that is only because we are teetering on that support level right now around the mid $10K range.
What really spurred the most recent push was the Facebook news which got immediately doused with cold water. The fact that we have even stayed above $10K for this long is amazing considering how quickly the price ran up since last December.
Bitcoin price really reacts dramatically to news and hype cycles as we all know so the next pump up will most definitely be a media driven news event. The loosening of some sort of SEC or other federal regulation is my guess for the next price catalyst. ETF's and trading desks are only going to fuel the fire NEXT year but not this year.
There were two more catalyst I’m currently looking at... the tether July 29th decision and the cftc on Bitmex... these things can be huge news or just brushed under the table in the coming months 😂
The people who join the mini bull run of btc price now going home and depressed in sleep😭😜🤔🤣
Posted using Partiko Android
The Moon Boys 😅
Posted using Partiko iOS
I made a Bitcoin transfer the other day and it took 23 damn mins to complete, what kinda shit is that? lol! We need a fully operational lightning network if this thing is going to increase in price and remain there. I think it will dip below 10k and start picking up again as we move closer to the next halving so pick up dem cheap BTC while you can
23 Minutes is pretty fast hahaha jk .... we may see a brutal few months :)
Very low trading volume and summer holidays ;-)
Let it go Let it go ;p
Let’s gamble!! 😂
Posted using Partiko iOS
Do you use bybit yourself?
Posted using Partiko Android
Thank you so much for participating in the Partiko Delegation Plan Round 1! We really appreciate your support! As part of the delegation benefits, we just gave you a 3.00% upvote! Together, let’s change the world!
Hi, @stackin!
You just got a 0.37% upvote from SteemPlus!
To get higher upvotes, earn more SteemPlus Points (SPP). On your Steemit wallet, check your SPP balance and click on "How to earn SPP?" to find out all the ways to earn.
If you're not using SteemPlus yet, please check our last posts in here to see the many ways in which SteemPlus can improve your Steem experience on Steemit and Busy.
Hi @stackin!
Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 6.315 which ranks you at #224 across all Steem accounts.
Your rank has improved 1 places in the last three days (old rank 225).
In our last Algorithmic Curation Round, consisting of 164 contributions, your post is ranked at #3. Congratulations!
Evaluation of your UA score:
Feel free to join our @steem-ua Discord server