as we are getting closer to the halving and the recovery ends the price is starting to get warmed up for the big rises to start happening again.
on top of all that, we had all those panic sellers who are now left with a lot of fiat among them who were waiting for the dump to repeat so they can buy back.
here comes the FOMO...
surely enough within half a day price is nearly up $1000 and right now traffic to exchanges is increasing with crazy speed. the number of withdrawals are also so much that transaction fees have jumped up about 30 times...
where do you think the price will be by the end of halving event?
on top of all that, we had all those panic sellers who are now left with a lot of fiat among them who were waiting for the dump to repeat so they can buy back.
here comes the FOMO...
surely enough within half a day price is nearly up $1000 and right now traffic to exchanges is increasing with crazy speed. the number of withdrawals are also so much that transaction fees have jumped up about 30 times...
where do you think the price will be by the end of halving event?
Probably below here.
I think the time to be bullish was in the $4,000s or in the $7,000s.
$8,900-$9,200 is where I've been expecting major resistance. OTE short area from the Q1 crash, monthly pivot highs from March. Meanwhile everyone is turning really bullish and expecting more upside. Longs are surging on Bitfinex, up 45% in the past week. ETH longs are just crazy too. Futures spreads and positive funding rates are noticeably bullish now.
