Did you know that it only takes a 60 million dollar (7k btc) market buy order to take the price of Bitcoin back to 12k?
I've been watching this order book for weeks, and I came to the conclusion that whales are placing laddered limit buys and catching your dumps. They are NOT SELLING the BTC they buy. Orderbooks (across exchages) have become increasingly thin. Limit sells are disappearing, and so is the amount f BTC in circulation.
In conclusion: DON'T BE A DUMMY, DON'T SELL YOUR BITCOIN NOW.
In the next few weeks we'll see an abrupt move back to 10k+. If you sell now, YOU WON'T BE ABLE TO REBUY YOUR BTC LOW EVER AGAIN. This is the bottom. Wake up, Jow Forums, don't get fucked by these whales. Don't sell now, or else you will have to rebuy your btc for 10k+.
i'm seriously starting to wonder if the bear market is over and if it ended in february....
Jose Cook
It's over. It ended in March. Get ready for a moonshot in the next few weeks, and it will happen fast.
Thomas Rogers
OP is right
Gabriel Morales
>4 month bear market
Ahaha, it took over 10 years for tech stocks to recover after the Dotcom bubble.
Michael Gray
Bitcoin and crypto moves a lot faster than stocks.
Wyatt Fisher
Ive been wondering about the same thing, The amount of coins in circulation has been going down, many have been placed in cold storage. The Whales just know to wait out when things have settled for a while. They need confirmation on their TA in which the time frame is appropriate for smart money.
Jonathan Clark
I don't think bitcoins market cap is big enough yet for a bubble that lasts that long. At most and i think bitcoin prices move faster than the stock market. Its a lot more volatile.
Dylan Mitchell
We simply don't know, technicals still look bearish, but I wouldn't sell anymore at this point if you are holding. I've been buying back in though, I think its a good price and I will just average in over the next few weeks/months so I don't get fucked by the price.
Matthew Wood
Heh, nice coin you got there, be a shame if Gox came along and something happened to it....
