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/biz/ - Business & Finance


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5088928 No.5088928 [Reply] [Original]

Predictions for Bitcoin:

Today and this weekend BTC will continue to rise.
It'll work its way through the sell walls by breaking some and letting others be manually taken down (so there will be a few hours downtime here and there)

Reasons:
>Yesterday's late night pump bought over 30M BTC at at least 17250. They aren't going to want to lose that
>Price is holding just fine to evident that
>Tether printed 180M over the last 2 days
>Other coins have had their runs
>Positive korean news
>BCH and others are down and no one is really pumping them too much
>Normies only know what Bitcoin is and don't know how to get other coins, so they'll want another news cycle.

Tuesday might be the 20K day unless they push hard.
Once 20K break, all hell breaks loose.
There are 5500~ BTC sell orders between 17700 and 20000. There's around 3000 sell orders between 20000 and 30000

>> No.5089191

>>5088928
Korean buy orders are stacking up against the sell orders
As soon as it pops, even if it moves it only 5%, all the alts are going to hell