Post
Topic
Board Speculation
Re: Bitcoin Drops $1,600 Amidst Global Uncertainty. What's next for BTC?
by
$crypto$
on 04/03/2020, 15:12:04 UTC
Bitcoin is at an important juncture, sitting on weekly support and the 20 week moving average and yet the global markets seem poised for more downside. Will Bitcoin drop further or recover from here?

Full market thoughts here: https://www.cryptoadvocate.net/post/bitcoin-crypto-market-update-01-04-2020

The current market situation is in the hands of the whale. I think this correction is preparing for the next pump. whale wants retail traders to be confused by all opinions. Since all the indicators are pointing downwards, traders will sell. And the whale will accumulate as much as possible. Then suddenly the market will go upwards. I'm hope that Bitcoin could drop down to 8200-7800. Let's see what happens.

If there is news like this then panic will occur to small traders so that they sell more than they have to hold for a long time, I know that the pope has other plans to do this but this is all nobody knows about.

If we think positively then we will buy because this has begun to be low and don't think about anything else because the whales are waiting for the market to be pumped.