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RE: Is This The Reason Why Bitcoin Just Spiked 15% Off The Lows?
Or the fact that these coins all pulled back to major support levels and there are a lot of long term holders of them. The buy on the dip crew is strong.
BTC (and some of the others) remind me a lot of TSLA stock. There are so many long term holders that they wont sell no matter where the price goes. In fact, it is just the opposite..at some point they buy. There is a backstop because of this.
For BTC, it was $3000...at least for now.