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RE: STATMAN MIDWEEK COMMENTARY on BITCOIN (6540), The DOW 25,050, GOLD 1177 and a must see chart..."DO NOT DESPAIR!"
thank you...appreciated!.. that move from 5950 to 6550 was perhaps the "short squeeze"..Wehad lots more "pessimism" in late June..but I agree likely to visit mid 5's.
I would tend to agree if I saw the shorts depleted, but they're still on the way up and haven't dropped the way they would in a squeeze. Whatever the high of that squeeze is, I'm guessing 6800-7200 is likely where we start making our way down to the mid 5s.
Time will tell!
that is true..and we are at an important juncture..and that 6800 -7200 could be.!