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RE: Bitcoin bulls preparing for a push higher

in #bitcoin7 years ago

Well, if you consider that the recent drama with BitConnect / BitGrail / Devercoin is passing away, it is quite plausible that we will soon observe a price hike. Morover, people seem to have forgotten the fact that the Tether fiasco is still going on...

I wouldn't be surprised if we now see a sizable increase in the whole market - in both traditional cryptos and newer, riskier altcoins. If you believe the strength and power of whales, I wouldn't be surprised of steady buy walls as they have undoubtedly increased their crypto stakes during the massive dip. In turn, such upward pressure would push the price up, thus leading to a new retail investor influx...

Now we can only pray that no other bad news spring up!

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I am still concerned about how this Tether thing plays out..