Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Bearwhale! Nevar forget!
Was epic. Cool drawing btw, don't remember seeing that one.
If you look closely at the picture and the graph, you will notice the artist used the outlines of the price graph as the basis of his picture. Look at the waves and where the head of the Bearwhale is. The slaying of the Bearwhale marks the beginning of the end of the big bear market in Bitcoin.
No it didn't, the bearwhale dumped the price down to $270. Afterwards there was a pump to $450, then it crashed down to $150 when Bitstamp got hacked. For most of the next year the price bounced between $200 and $300, and 90% of that time it was below $270. The beginning of the end of the big bear market in Bitcoin was when it got pumped to $500 roughly a year after the bearwhale's dump.