My prediction is that over the next 45 days we will see a bleed out to about 6k before another 30 day rise back up to the levels we are at now and I am predicting a much higher volume level at that time. We are out of the bear market IMO but still have some sideways trading before reentering a bullmarket.
Even though BTC has been holding strong lately it is approaching a point it could not hold before. Let's hope it hits this upcoming line strong and we can creep to 11k by May - 20th. If it breaks down, we should be seeing some price action around 7300, hopefully for the last time.
Predictions are dotted lines and not drawn to be precise.
Not trading advice.
With some of the good cryptos starting to trade away from BTC I have been considering what would cause that at a time where the markets are so unsettled. If smart money is starting to pick up their good picks now, causing them to trade away from BTC, then the next thing that should happen is that less smart money will start doing so. This should start to force the...
