Sorry not sorry for the click bate, but we got to drive traffic some how right!!
So I believe in the next 2 weeks we will see a change in the current trading pattern. A possible continuation would really hurt the great people of crypto a little more. And call me a scenic but I just don't feel maximum pain has been felt yet. I think more people have to stop talking about crypto more time has to pass we have to get closer to the halving. Roughly every 10 minutes 12.5 more BTC are released to the wild. Miners have over head expenses, Electric, computers, ASIC miners.. ect. So for them to remain profitable they must sell a portion of the reward to keep funding the next reward.
At current prices roughly $6,500.00 x 12.5 = $81,250.00 every 10 minutes.
That's $81,250.00 x 6 = $487,500 Every hour
That's $487,500 x 24 = $11,700,000 Every Day
$11.7 Million created every day. The leverage against BTCs USD value is roughly $11.7 Million every 24 hours. We have to maintain a cash flow equal to or greater then $11.7 Million every day or the price could began to fall. So far the powers that be have held the price in the $5,800 to $6,500 Zone.
Do you think the bear market is over or do we still have to some pain in the waters ahead?
Tell me what you think down in the comments below.
Lets start a conversation and get more people talking about where BTC is going and why!
Thanks everyone!
This is not trading advice, Always trade at your own risk. Never trade on emotion, never trade more then you are willing to loose completely. Take responsibility for your own actions. All trades made by your self are at your own will and under no coercion of any other parties. All information provided are for entertainment and should not be considered financial advice.
