Bitcoin : UP or DOWN ?
📈📉#BTC
Ok Bravehearts ,let's talk about the market situation.
These days will be a CRYPTO BATTLEFIELD ,and below you'll read some reasons why I say this.
If we see the last year crypto market chart ,it is clear there are some key levels we should watch closely ,as in this chart :
6k level is the most important level till now , we can see this year we tested it 4 times ,and now should be the decision time : UP or DOWN ?
Some of reasons to go :
- UP📈
🔸Shorts reaching ATH - the whales to eat your BTC , so when there are so many shorts ,whales want to push the price upside to liquidate you😉
🔸CNBC talking about BTC to go down ... what are they sharing usually ? The oposite of what will happen 😅
🔸If ETF will be accepted - which is unlikely😅
🔸If some big expected developments as Lightning Network ,etc
- DOWN📉
🔹Many TA confirmed it may down , we saw many charts the last days
🔹No big news to push the price up ( like new giants entering the crypto market ,etc )
🔹ETF will be delayed for now in my opinion ,even the most expected ( 30 September ) - which could be delayed till February 2019 ( enough time to push #BTC price under 6k and accumulate cheap Bitcoins from weak hands
🚨After #bitmex started their maintenance , #btc started to pump after just 1 minute ! And passed the resistance ( around 6.6k ) , which the market was struggling to break since almost 2 weeks .
This what I call pure manipulation 👀
We'll keep updated Bravehearts ,remember to play safe ,we'll watch closely and let's see what the next hours/days will offer us 👍
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My guess is that I will not be surprised if the upcoming Bitcoin ETF to be decided upon at August 23rd gets denied... and when that happens, thats when Bitcoin may go below $6K or even below $5K. Hopefully the drop will not be too nasty but there is small hopes that the SEC can approve it and BTC's price will jump up like crazy but we will have to see :P