If we look at the price from 1st november 2011 and we put line from that date to today, price broke longterm line and it is a very bearish sign.
If price wants that bull market continues then price has to be above 28.000usd.
Now, price of 28.000usd seems like real life exists on Mars.
Last hope is dead and bear market will be for a long time, maybe forever, depend of month june and july.
Why? BTC's value now is 420 billons dollares and if BTC would be 100.000usd then its value would be 2 trillon dollares. Now FED's interest rate is 1,75% and they will rise to at least 3% in next months. Where BTC will find so much money?
Without 0% interest rate since 2009 and without coronavirus management many stocks from stock market and many coins form coins market they would never see those levels, like BTC at 69.000usd or Zoom at 580 usd.
The coronavirus management was the result of an attempt to influence a world's population to buy stocks and coins from bed with a high success rate ( BTC at 69.000) and by repeating that BTC will at 100,000 usd. Now, when coronavirus is over, BTC and stock market just fall and no one saw btc at 100.000usd. By accident?
Good luck everyone!!!
If price wants that bull market continues then price has to be above 28.000usd.
Now, price of 28.000usd seems like real life exists on Mars.
Last hope is dead and bear market will be for a long time, maybe forever, depend of month june and july.
Why? BTC's value now is 420 billons dollares and if BTC would be 100.000usd then its value would be 2 trillon dollares. Now FED's interest rate is 1,75% and they will rise to at least 3% in next months. Where BTC will find so much money?
Without 0% interest rate since 2009 and without coronavirus management many stocks from stock market and many coins form coins market they would never see those levels, like BTC at 69.000usd or Zoom at 580 usd.
The coronavirus management was the result of an attempt to influence a world's population to buy stocks and coins from bed with a high success rate ( BTC at 69.000) and by repeating that BTC will at 100,000 usd. Now, when coronavirus is over, BTC and stock market just fall and no one saw btc at 100.000usd. By accident?
Good luck everyone!!!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.