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RE: It's Not The Perfect Time To Invest In Bitcoin Right Now!

in #bitcoin7 years ago

The Smart Money drove price down from $20k to $6k. They did this in order to buy prices at a discount.

https://steemit.com/altcoin/@rollandthomas/wall-street-secrets-revealed-1-the-hedge-funds-are-coming-to-crypto

This was called the accumulation phase. Price went up to $12k but came back down because the Smart Money didn't get all their orders filled. Smart Money continues to come into the Space, this will only push prices higher. I think we get back to the highs of $20k before the end of the year.

This is just my opinion.