Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
ivomm
on 15/03/2020, 21:56:07 UTC
...

What do we think about the potential price direction this week, guys?
Last week Bitcoin surprised us in a bad way. Next week for a change I hope the surprise will be good for the hodlers. What I see now is that the support down to $3000 in the shitty Coinbase has increased to over 12 000BTC.  Of course, the main threat remains that people may continue to cash out next weeks especially if they are on unpaid leave. But, there is a very good news regarding that: in EU a sum of 37 bil euro will be distributed to the member countries (sorry UK Wink ) to pay compensations  equal to 70% of the salary of each worker, who works for a private company that can't afford to pay the full salary during the lockdown. The news is from the last hours, and my country for example will receive 1.3 bil euro for that purpose. So I hope the panic will fade away and people will take advantage of this really low price now.

Edit. As I am writing a lil pump is underway. The pump started from $5170 and now we are at $56405800. Jeez, who would have thought in June 2019, when we reached 13 800 that only 2 months before the halving the price will be this and we will be happy about it... Phew, unbelievable!  Shocked