Bitcoin To The Moon?
OMG, would you look at BitCoin go! Many altcoins have also responded and even out-performed BTC so far. Shout out the $ETH and $ETC, mind you Bitcoin has since done 13%+. I'm looking at the chart and it looks like there's a massive whale trying not to move the market too much, but someone is buying up a LOT of Bitcoin. The pattern of the green candles leads me to believe it's the same person/entity. Maybe even a government?
If this carries on for a while, this may well be the one that takes us to the new ATH. Exciting times.
Anyhow, there is one thing I'm a bit weary of. We were in this kind of mode just before the news of global lockdowns hit, sending the price back to earth. Now with the impending doom of the likelihood of some European countries going back into lockdown, a.k.a. "Lockdown2", there is the potential for the price falling back down again. Even crashing. I see a lot of FOMO buying going on right now, and unless you're going to be HODLing for a while, then to me it's pretty risky to buy now. We are in very dangerous trading territory.
#notFinancialAdvice / What do I know?
More interesting to me is how Hive will respond to a Bitcoin ATH. There is very much the potential of it going to $10 quite easily. Now that would be a LOT more interesting than probably anything Bitcoin can do.
Peace & Love,