Good thing is that Bitcoin price broke out over the 6 month old down trending channel that has been described by Peter Brandt before. The price should stay above the upper wall of that channel for a while. It is very important. It is better to stay around here for a while, instead of going up and down sharply.
I added Bitcoin Dominance and BTC/USD pair in same graph for last 1 year. And last few days looks kinda different comparing to before. Like glines were more or less parallel mostly, But after the last jump over 8k usd, dominance went to downtrending.
We are still inside of the ascending triangle. If bitcoin price can stay inside of this triangle, we can expect a good kump after 9600 USD. Lets wait and see if this bottom wall is going to work or not.
Below photo is from Peter Brandt's last video.
I also agree with him that if we keep going in this channel, it will not be possible to buy bitcoin cheaper for a long time. looks like btc price was tangent to the bottom wall of the channel.
https://gnews.org/89749/Breaking news: China will admit coronavirus coming from its P4 lab
"A reliable source told Miles Guo today that the Chinese Communist Party (CCP) will admit to the public of an “accidental” leak of lab-created virus from a P4 lab in Wuhan to put blames on “human errors”. But the official announcement is still being finalized.
Initially, the Chinese communist’s propaganda machines were blaming the virus on wild animals like bats by showing many videos of people eating bats.
In January 2018, a bio-safety level four (BSL-4) laboratory was built in the city of Wuhan, which focuses on the control of emerging diseases and stores purified SARS and other types of viruses. It is supposed to act as a WHO ‘reference laboratory’ linked to similar labs around the world."
This one is fake. Don't believe this shit. I ve seen it 1 week ago. Already discussed on reddit as well.
https://www.reddit.com/r/worldnews/comments/eulurp/china_will_admit_coronavirus_coming_from_its_p4/It is not good to increase the panic level with that kind of fake news...
Each time after the halving, market turned to bull and bitcoin hit new all time high point.
The movements after the halvings, before the halvings are very similar to eachother.
Waiting for a bull run is not just a pollyannaish hope, it is a statistical fact. We are very close to a new all time high.
For the dreamers that want to buy cheaper bitcoin, 9k usd will be also a dream very soon
And for the ones that think bitcoin will crash down... when the time comes and bitcoin hits the new ath believe me you are going to check the posts of 2019 in this topic and cry.
Reaching above 9400 and 9600 USD was very important imo. it was kind of a strong return back movement. Of course it is hard to evaluate the price movements with general financial indicators. Bitcoin has mostly its own special indicators.
I guess we can set the next target as 10400 USD. There may be small recessions during this uptrend but i am enough optimistic for a good rise till the halving time.
Culture always moves to the left. Just to the left of socialism, we have communism.
The entire west is socialist.
If this were true, it would mean socialism is doing quite a good job then.
No. We are living off the wealth that previous generations of capitalism brought us. Like a fat kid spending a huge inheritance on fancy cars and hookers and blow.
Speak for yourself. The companies I work for are run by people under 50 or even 40 years of age, who are all self-made. If their income ever came from "previous generations," its because that's been the case of every generation since the fall of Rome.
Socialism is not sustainable and a collapse is coming. This is nothing new around here.
Right right, we're always on the brink of collapse. I felt the same way around 2011, and then years went by and the collapse never happened. A collapse is always coming, just like the second coming of Jesus. It's always just around the corner.
Unfortunately collapse is a reality. But the fact is the old school capitalist countries are surviving from collapsing by letting/pushing third world countries to collapse. And taking advantage of these poor collapsed countries.
BREAKING: Fed Chairman Jerome Powell just came out in favor of private transactions for digital currencies.
He specifically said "A ledger where you know everybody's payments is not something that would be particularly attractive in the context of the US."
One of the most effective man in the world about financial markets does not make statements about being fraud, scam or bubble anymore.
We will keep discusssing about the price of bitcoin. Some says it is cheap or some says expensive. That's another story
But i want to emphasize that nowadays what we discuss here is a clearly accepted financial instrument or financial system.
Bitcoin believers have not given up their idealistic visions and succeed.
lets try 10400 USD once more. then moon
Lets crush this fucking bear over there!
whatever, 1 bitcoin=1 bitcoin, 1 ethereum=1 ethereum
Below from Boston Children's Hospital:
"Coronavirus mainly transmitted through contact with respiratory droplets from cough and sneezing.
Masks are not the primary preventative measure as repiratory viruses are primarily spread through droplet contamination of hands after people blow their nose or cough into their hands."
