I reckon that after our favorite uncle Jim's declaration that the market will dump more, we are countertrading this uncle, and the declaration of our favorite NBA basketball player Arthur Hayes' declaration that bitcoin will pump to $250k, we are following this basketball player, this might be our warning signals that the pump might begin to occur.
Uncle 😁? Or our bitcointalk colleague? Because I also rekon how much anticipated we have also made Bitcoin prediction price here that we would see $250K in this particular market cycle while some others has predicted $180K.
Already the current ATH of $109K in the beginning of the year has been so promising that the value can be doubled before the year runs out.
And my economy analysis based on Mr Arthur Hayes view, there is a sighted signal that the stock will stumble like doomed to loosing more of it stock values and while there is going to be macroeconomic crisis, fiats and the regulatory stocks will fade out due economic entities strategic system.
Mr Arthur Hayes was also right sighting that the Bitcoin correctional behaviour is part of the volatile market potential which is temporary.
That simply means Bitcoin is a valuable commodity that is fostered on potential increase on values while it also experiences bearish trends and price resistance therefore such market behaviour is also a good entry level for buyers to buyer at cheap price while the market revolves to the break the price resistance (price increase and new ATHs).
So the urge of institutional investors, entities and federal economic values will a threatened on the watch of the centralized economy values falling in due time due to excessive production of commodities like it is being abused due to poor number of consumers.
So based on the analysis, there will be a impressive attractions of investors holding their assets on Bitcoin and then boom.... Is the possibilities to withness $250K price.