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RE: While Most are Bullish on Bitcoin... Could Price Instead Be About to CRASH?! (UPDATED)
Your analysis is on point. Usally, a sharp move up is followed by a retracement later. It remains to be seen just how many days it takes. But, I too expect the retracement to occur. I'm prepared to buy at $6000.
I think that the whales who jacked the price up in an instant, are preparing for a pump and dump. So, look out, just in case........
Yes I believe that is pretty much it; strong hands accumulate most of the floating supply, then now a small amount of demand puts price up a lot because of lower amount of bitcoin available after accumulation, and then the big fish sell into the hype to get out of their position as I believe they are doing now:
They sell all their bitcoin back to ur average weak-handed individual and price dumps because they regret buying after price has already went up a lot lol
Yeah. They're slick about it. That's why I'm waiting foe the next crash.