Bubble of Tesla blasted and death cross of ma 200 with ma 50 confirmed the down trend. There will be some dead cat bounces on the way to 700 till September.
The parabolic grow will be real if the sell off will stop at 9100 and get quickly back to prices above 11000. Otherwise Bitcoin will fall down to 7000 or more to 4000 and even below 1000
COINBASE:BTCUSD
Bitcoin were not so much correlated with gold as it is now. As well it is visible, that money earned on bitcoin speculations flowing out into gold and stocks since ATH in 2018.
Since earning season will start next week and real corona problems would be visible and reality how hard the economical crisis is, the markets will crush. As of in between bitcoin became highly correlated with financial market and is no more an alternative to financial market the 50-70% crush of financial market would result to same crush in crypto. S&P500 is...
Since 2018 the technology stocks, in this case NASDAQ are performing better than cryptocurrencies in this case bitcoin. One need to pay more bitcoin to buy techno stocks. Seems the markets are now almost equivalent and if one will crush then other too.
Seems crypto hype is over and money is flowing out of crypto into techno Stock markets. One can get less and less stocks for one bitcoin. But it could be also a dead cat and we will see another crash of stocks and rise of cryptos
Either bitcoin will crush or tesla or both. Soon there will be only 3 Teslas for a bitcoin.
Etherum will bounce at 250 falling back below 100
Verge coin drawing nearer to golden cross with possible rally to 100 satoshi per XVG. If it will break through 100 Satoshi trendline from 2017-2018 it would rise
SPX crushes never stopped above MA 200. Even FED pump of 3 trillion into market, buying even stocks of companies that are in bankruptcy, would be over. Earlier or later the crush of -50% will happen as of people will need to sell something to pay bills - already 20% unemployed, 30% not paying rent or mortgage bills in time. As long FED pumps money to keep the...
Halving usually changes nothing in coin adoption. It is a signal used by traders to pump the price and make some profit on money of honest hodlers. Verge Currency Halving happening twice a year. And this time the price could fall below 0.001 if the crush of world markets will start in next weeks.
0.1 cent per verge former DogeCoinDark in next months
If the crisis is worst than ever before, then 15000 is inevitable. 12000 would be a strong support, but if it will also not hold, then it would be worst than in 1929
The crisis is not yet started. This is just a usual correction seen during previous crisis too. Bankruptcies during next months will result to further 50% crush an all stock markets. This is the last chance to sell.
All economical indicators and reports show that the crisis is worse than in 2008, that mean we will see in next 10 months the crush below middle average 200.
The economic recession is not yet started and most possibly it will be visible during next months with result of crush on all markets. 4500 is important support but if it will go faster we will see the 2000 end of the year
The most possible scenario is a crush of markets in next months resulting to crush of bitcoin as of it became just another speculation object and have nothing to to with initial idea of currency for crisis. The break out of formed triangle is usually a crush which will lead to prices at next support line from May 2017 arround 2000-2500.