The general consensus is that the price has been pumped and the traders will take a short position and dump what they have accumulated thus far. Now I'm not sure I believe this myself but consider this scenario.......what if the institutional pump hasn't happened yet? What if the price increases are solely down to public interest given the massive amount of press bitcoin has received recently (personally , I've had 3 friends ask me about how to get involved in the last few weeks).
Has anybody considered that the institutions could take a long position knowing they have billions to spend pushing the price up and then once the price is up from current levels (let's for arguments sake say 25k USD) , THEN go short and dump. Is this a possible scenario or am I over thinking things? I'd appreciate your views.
This is exactly what I think is going to happen. HUGE push to 25k then back down to 15k then up and up and away after that with the constant 10k (and only getting greater) dips.
Yes