There was clear double tops before the March panic that sent BTC into free fall. There was 2 double tops recently at 10, but it has not continued down with the double tops like it has before. This leaves me to think we will push above 10 but can it hold? Can it hold during this Corona nonsense is the real question? My guess, we get another wave of panic causing a scam wick down with small miners and weak hands getting pushed out. If miners were not hurt by the halving they will be at 6k btc. I think it will only take a small amount of fear to start domino effect with moonbois market selling and small miners to capitulating. A small push down on the DOW would be catastrophic to BTC right now after strong rejection at 10. As economic stability returns I think we try for run to ATH maybe later this year. If this cannot get above 10.5 soon we are going bottom fishing.
Komentar:
ATH was hit.