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Wednesday, July 21, 2021

Has Bitcoin Bottomed ?

 Hi readers

The Crypto Market has continued is slowly leak down as we have stated previously.

While many have had these huge numbers where it will go this year this hasn't been the case.

I'm not here to gloat, I'm just saying that no one said the top has to be December.

While many are pinning there hopes on the Stock to Flow Model the model is diverging so much that its at the tipping point at $24,000.

While I don't hold any Bitcoin if it does fall away to that level then the model will be broken and you will see a mass exodus.

There is an opportunity for the cryptos to bounce but I wont be taking it.

There is the B word conference and we obviously know who will be there so this could be a spike up for the crypto market.

Question is if nothing becomes of it then it might come back, but I'm not sure as I had some positive astrological aspects hitting Bitcoin for the next 35days.

How high it goes I'm thinking 20% but don't hold me to it as its an estimate.

The one thing which is against Bitcoin is the USD, its showing strength and can move much higher.

Gold is bullshit and bitcoin isn't a storage of wealth its a trading asset and that's it.

As Always do your own research.

The above is purely based of astrological factors.

Use the above as an indicator to your own work.

Ask your financial advisor on more on the above.


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