Bitcoin broke 10k 20 hours ago and we already see the bots testing support at the 10k range. Once 3 hours ago and the other 8. If 10k flips to support this easily I'm definitely going to have to reconsider margin trading Ethereum again. The market is so bullish right now.
Like the rest of the market, I'm playing it safe and waiting for the 10k support to prove itself for a few more days. A breakout higher than $10200 very soon would make me question if I should be taking more risk during this extremely bullish pre-halving window.
I'm hoping that Bitcoin will hit 10k a few more times before moving up. This would signal to me that my prediction of Bitcoin crashing to that level after the halving pump/dump is even more likely. The same thing happened curing the Bakkt pump/dump to $7500, and I spoke to that prediction quite frequently. All of my predictions based on the concept that Bitcoin is doubling in value every year on average seem to pan out.
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| $800 | $1600 | $3200 | $6400 | $12800 | $25600 | $51200 |
Posted via Steemleo
