Re: Would the bitfinex ''hack'' be the trigger of the next major rally?
The major sell-off at the beginning of the late 2013 bubble looks similar. Both sell-offs are after a bear market and in a beginnig of a bull market.
What do you think?
Update, my prediction:
What do you think?
Update, my prediction:
It looks similar because in general these patterns occur more or less in different markets. A major rally may or may not happen after the dump but will not be the trigger of the next rally. It triggered the dump that happened before the next rally should be the right statement.
The next rally will not happen until next year. Bitcoin traders and whales have a much harder time manipulating BTC today than compared to 2 years ago.