Bitcoin breaking the $60,000 level will cause a major rally in cryptocurrencies. Therefore, the cryptocurrency market has great potential to rise from here.
As of now, bitcoin is trying to move towards $50,000. This is the major resistance as well as the weekly resistance area. Thus, if bitcoin breaks the $50,000 mark and makes a sharp bearish move, the next target will be $53,000 and $56,000 area.
As of now, bitcoin is trying to move towards $50,000. This is the major resistance as well as the weekly resistance area. Thus, if bitcoin breaks the $50,000 mark and makes a sharp bearish move, the next target will be $53,000 and $56,000 area.
Yeah, I'm expecting once ATH is revisited, we'll see everything that's NOT Bitcoin press high, fast and furious, ETH probably leading that charge and then all those *cough*defiscam*cough alternatives. And when that winds down, Bitcoin will begin its move up in earnest, once more carrying alts on its back. Before that, though, the first sign of exhaustion from revisiting the peak and yeah, we'll be checking in frequently with the 53k range
It could indeed happen that some whales push the shit out of some micro cap defi scams and then give them the rest once and for all. There are some decent projects, no doubt about that but right now it feels like a damn plague. With Bitcoin going up a pump on those scams could make sense. However, that might take a good while until Bitcoin really gets moving.
It feels like all these scam coins follow the exact same strategy when you follow their telegram channels or see the ANNs on Bitcointalk. Even if they only make a couple of thousand per scam, if you pump them out like a maniac one after another, that is a profitable business model for scammers. Long live Bitcoin!
