Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
None of the major alts have ever endured a full crypto winter. Even ETH launched at the bottom of the crypto winter and was straight uphill from there. Undoubtedly this has been a learning experience for the Masters of the Altiverse.
I'm not defending alts but this is just patently false.
Gentlemen, how confident (or not) are you that the bottom is in?
I thought it was pretty much agreed upon during the ling sideways @ 6500 a month ago. Or was that just in my mind?
Eth at 0.058 is looking a bit limp wristed.
I think ethereum and the rest of the alts are going to be in a bear market for awhile and will not follow the Bitcoin rocket this time.
Not enough money to pump bitcoin and the alts. This is still a really weak rally on terrible volume, hence alts sell for BTC.
That institutional money is siting on the sidelines waiting, they have a lower tolerance for risk. Once it hits, then wamm I'm gonna win that ATH for the year.
July 31 Closing Price:
$8,000-$8,500