I was thinking a short-term top was near too, now I'm thinking if it closes above 60,000 for a few days it has plenty of room to the upside before a pullback.
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I was thinking a short-term top was near too, now I'm thinking if it closes above 60,000 for a few days it has plenty of room to the upside before a pullback.
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Yea I think it will be dependent on the next few days. If ETH closes at ATH as well for a while, it might also create more hype for BTC.
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Or it could create more hype for other alt coins. I think wee are seeing many look past just Bitcoin these days. People are realizing there are a lot of other opportunities out there.
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Yea it tends to happen when people pull out of BTC and ETH as they park their money in different cryptos. Obviously they are not satisfied with a stable coin so it has to be something with just as much potential to go up.
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It is a trickle down effect.
People make bank in the big ones (BTC and ETH) and then start to look for other opportunities. As the value of some of them grow, we are going to see different type of players getting involved.
I would say that is how the industry unfolds for a while, at least in the decentralized realm. We, of course, have the entire VC world which is radically different.
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A waffling in this area would not be a bad thing for the time being. Bouncing between $55K-$60K would really help things consolidate.
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