Enought nesting bullsheeteens.
We are going up with anemic volume. Just look at 1 day or 3 day timeframes. If volume doesn´t manifest quickly, lets say before seven days, Im calling this a bulltrap.
It's called miners stopped selling, so an 80 day supply crunch of increasing price occurs until the price reaches a level where someone considers it overextended for pre-halving state, which is not gonna be less than $500 by anyone's standards. It could just gradually rise to $600 on no volume before it occurs. Once people consider the price overextended, they will then dump with the intention of buying back lower, then the volume, volatility, and long drawn out game of people trying to short, squeeze, and lock others out and force them to rebuy happens.
Knowing that it's going to play out like this, it's going to be funny when the shorters pile in at some price like $600, then a coordinated squeeze hits them and the shorters power the next great Bitcoin bubble.
Now that's interesting, and correlates with a recent interview with that Chinese miner dude who was on the latest bitcoin uncensored podcast (his name eludes me, sadly)
The just of it was that they were able to get a very favorable contract from an electricity project that failed to get government approval to sell to the grid... As far as I could discern, they were only selling enough to pay the bills and keeping the rest, also some brokerage and arbitrage as opportunities arise.
Say what you like about the Chinese but there are some shrewd motherfuckers over there. Do not underestimate.