Bitcoin's volatility hasn't been this low since November 2018. Typically, times of such low volatility lead to explosive moves of ~30% within a matter of weeks.
The question is - will the price of Bitcoin break up or down from here?
Let's talk.
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▶️ 3Speak
I agree with @marki99 in that one more dip is to be expected. Bitcoin's price movement inside the multi-year wedge is not done, yet. I'm expecting at least one leg down but no lower lows. Maybe $7k before a breakout.
If alts get rekt, then that'll be a good opportunity to load up on HIVE. When BTC breaks out, HIVE can easily double in very short order.
Sounds very reasonable.
And as for Hive, I saw a post recently about how it (and Steem) were both out of the top 100 by market cap (HIVE has pumped since then, so maybe no longer the case). But either way, that's crazy IMO. Hive has way larger community and genuine usage than at least 80 of those top 100 projects. Can't help but feel that HIVE will make some great gains when the bull market really takes off, whenever that happens.
What we need to do is leverage the user base to make noise about ourselves.
I still think 7k-6k is the next bottom before real moon. Also, alts will get rekt as hard as 2018 :(
That's an extremely reasonable POV. Let's see!
Keep up the bullish videos, I'll keep up the bearish comments.
Every time I do this, markets pump the next day! (Yes, I'm a bit supertitious)
i'm prob naive but with the u.s. dollar weakening i finally think it may decouple from the S&P if the market starts to trend down in the autumn
If Bitcoin is still some sort correlated with the S&P 500 then most probably will crash, but I think that this time will not be the case when all stock market crash