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RE: Bitcoin (BTC) Morning Update: Time Could be Running Out for the Sellers
The truth is, Bitcoin is being manipulated. No one knows the direction it'll take. Technical Analysis is almost impossible to perform accurately under these market conditions. It won't be until we have clear regulation and tax laws, specifically for cryptocurrency, that we can start to somewhat accurately predict Bitcoin's future.
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I think it's pretty clear that the majority of the public got fucked (as they always do) so expect them to be looking to sell in the intermediate term at least....and if the overal market goes down expect bitcoin to go sideways at best which is what I am hoping for.
The expected rally could be a wave B up and so the C down could hurt many more in July.
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That is what I am thinking....this bottom will take a while (a while in Crypto world is like 6 months though lol)
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