BITCOIN: FROM 10K TO 10.5K THE NEXT RALLY
Let's start again after a test of enthusiasm and delirium.
Mine remains a positive outlook, even if someone obviously shouts again at the time we all die.
I wouldn't worry much, among bots, Bart Simpson, speculations, systematic liquidations, bitcoin remains strong and healthy and everyone knows that events like today, after all, are normal, especially the Holders who screw everything and all waiting for 25 or 40k.
It must be said that rallies like today are an extraordinary source of income, obviously only for those who manage to ride the right wave.
I believe that the market has however shown that it wanted a BTC over 10k and many will be those who today found themselves stuck around high shares.
So and in essence, those who bought today remain waiting for the price to rise again and obviously can no longer buy.
I have not observed large movements in stable coins at the moment, and I do not see new liquidity around, but I believe that bitcoin still slides through the now known supports and resistances, more or less following an elliott impulse as in the figure.
After all, the price of bitcoin is dependent on the cost of production, energy and difficulty, and cannot afford levels below certain thresholds, even if with the halving of the fees for the miners, a clear increase in costs / revenues followed. TX.
- A sign that mining will never die.
In short, let's see if some good soul will bring new volumes after this yet another spiteful Burt Simpson, also to save the buyers from unbridled enthusiasm who are stuck beyond 10.2k.
- Obviously this is my personal reflection, I like to study my predictions.
#bitcointrend #bitcoinlongsetup #ilovebitcoin #bitcoinmining
Let's start again after a test of enthusiasm and delirium.
Mine remains a positive outlook, even if someone obviously shouts again at the time we all die.
I wouldn't worry much, among bots, Bart Simpson, speculations, systematic liquidations, bitcoin remains strong and healthy and everyone knows that events like today, after all, are normal, especially the Holders who screw everything and all waiting for 25 or 40k.
It must be said that rallies like today are an extraordinary source of income, obviously only for those who manage to ride the right wave.
I believe that the market has however shown that it wanted a BTC over 10k and many will be those who today found themselves stuck around high shares.
So and in essence, those who bought today remain waiting for the price to rise again and obviously can no longer buy.
I have not observed large movements in stable coins at the moment, and I do not see new liquidity around, but I believe that bitcoin still slides through the now known supports and resistances, more or less following an elliott impulse as in the figure.
After all, the price of bitcoin is dependent on the cost of production, energy and difficulty, and cannot afford levels below certain thresholds, even if with the halving of the fees for the miners, a clear increase in costs / revenues followed. TX.
- A sign that mining will never die.
In short, let's see if some good soul will bring new volumes after this yet another spiteful Burt Simpson, also to save the buyers from unbridled enthusiasm who are stuck beyond 10.2k.
- Obviously this is my personal reflection, I like to study my predictions.
#bitcointrend #bitcoinlongsetup #ilovebitcoin #bitcoinmining
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