$BTC
The lower high is in. Yesterday's move had some potency but it was only volatility. The 70,000-71,000 price range resistance remains intact.
The March 2020 analog, the catalyst or the excuse that will be used by the media to claim the cause of Bitcoin's correction, is likely to revolve around the USA presidential election. If not this, remember we have global chaos on the war end so it can be anything.
Regardless of what people say caused the correction, the truth is that the market moves in waves and it moves based on how insiders trade. The whales are set to take profits and this will cause a major correction. Prices will drop because whales are going to sell. The proof is in the chart. The chart is bearish and Bitcoin is going down and we still have no major event to blame. If the selling and drop was because of the events that will transpire, prices should drop only after the event and we wouldn't be able to predict them. Since the drop is based on supply and demand and insider trading, we can know exactly what is going to happen next.
Bitcoin is going crash. We had plenty of warnings and plenty of time to act.
It will be awesome. Not the crash, the fact that this crash will set the corrective phase market low. When this low is in, we are finally able to go LONG. This means being bullish, being green, being happy and supporting the greatest Cryptocurrency project of all. Once the bottom is in, we will focus on the upside potential and long-term growth.
Bitcoin is going down, only momentarily as part of a correction. As soon as the bottom hits it will go up for years to come. We will have a massive bull-market in 2025, mark my words.
Thank you for your continued support.
Namaste.
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