In this analysis ill be discussing the possibilities of a bull run trigger. I began contemplating why we would ever break 6K in the first touch and i think i have found my answer. In the past, the only thing i can place that starts a bull-run is attacking the major use case of bitcoin right now. As much as i sound like a boomer "bitcoin is used only for drugs" i think it for sure has something to do with it right now. The amount of money that is used in purchasing on those markets is huge, when one goes down all the users and vendors are affected. Losing money in the cold wallets, and escrow those buyers who have street businesses now have to go buy spot BTC regardless of its price.
Previous Shutdowns:
On OCT 1 13 SILK ROAD 1 IS APPREHENDED
PRICE: 128 - 1120
On JULY 20 17 ALPHABAY IS APPREHENDED
PRICE: 2XXX- 20000
ON MAY 3 19 WALL STREET IS APPREHENDED ( WHAT A FUCKING COINCIDENCE)
PRICE: 6000 - ?????
If we follow this pattern its always a 10x from when the market is shutdown, so 60k would be the price related to pattern.
Previous Shutdowns:
On OCT 1 13 SILK ROAD 1 IS APPREHENDED
PRICE: 128 - 1120
On JULY 20 17 ALPHABAY IS APPREHENDED
PRICE: 2XXX- 20000
ON MAY 3 19 WALL STREET IS APPREHENDED ( WHAT A FUCKING COINCIDENCE)
PRICE: 6000 - ?????
If we follow this pattern its always a 10x from when the market is shutdown, so 60k would be the price related to pattern.