Update on bull/bear cycles
Updated
What if we were all wrong and the bear market ended up just right now ?
What if the btc price needs to touch this 200 Weekly SMA to pump again ?
What if this sell of is miners preparing for the next coming month of poor btc production and low price ?
For the miners to have the same gains after the halving as the last weeks, they would need a 16 to 20K (the double) to have the same gains. This is unlikely to happen in the coming weeks, so they sold many btc at 8-10K to assure a revenue in $ for the next weeks.
Ideas ?
What if the btc price needs to touch this 200 Weekly SMA to pump again ?
What if this sell of is miners preparing for the next coming month of poor btc production and low price ?
For the miners to have the same gains after the halving as the last weeks, they would need a 16 to 20K (the double) to have the same gains. This is unlikely to happen in the coming weeks, so they sold many btc at 8-10K to assure a revenue in $ for the next weeks.
Ideas ?
Note
Recent big drop in hashrate confirms that big miners are pushing weak miners toward the exit. Next few weeks will be driven by the strongest miners out there, with strong hands and bags, thanks to their recent big dump.Is it time for the slow and strong up trend ?
I think so
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