You are viewing a single comment's thread from:
RE: BITCOIN: Looking ready for WAVE 5
There just doesn't seem to be much energy to move in a sustained uptrend. If you pull back to the February dump through today, we seem to have strong resistance around $6,000 and it hasn't been close to $10,000 since the beginning of may.
I thought the possibility for an ETF would create some buying in anticipation. Who knows, maybe the ETF get's delayed or rejected, but I don't think so...
The fact that recently the G20 meet for crypto discuss is a big thing. Companies who want to position themselves in the crypto world want a fair price which is around current levels.
Miners will push the price to place a bottom.
Eventually all this uncertainty will end up with regulation and we'll get our rewards for the risk.
Thanks for your support morseke!