What an awesome past two days for BTC and ALT coins! ALT coins are pulling forward at a greater pace than BTC. The community predicted a small run mid April, more precisely April 14th. I guess April 14th is the date of a large crypto summit taking place.
Others, like the guy from "Coin Mastery," Theorize it was a straight bull strategy(possibly from maybe just 1 or 2 entity) Attempt to liquidate BTCUSDSHORTS on margin. The graph will support his theory. If you have a whale/'s that believes in the crypto space strongly enough. I don't see why they wouldn't use their influence to knock out the bears.
Main-stream media gives credit to tax season coming to a close. People have more spending money. What ever the reason for the run may be me and others around the world are feeling really good today. It has been a murky past couple months but there just may be a light at the end of this tunnel. Don't count your chickens yet! We're not completely out of the fud just yet. Our next chance we can sit back and take a breath I predict is when Bitcoin is valued at $8,000.
The bulls have come out to play. They are here for blood and profits. It is 8:30 PM PST Currently and Bitcion is valued at $7,866, 12% up in the last 24 hours. Almost to $8k where I think we'll see start seeing new support and resistance points...if At which point I will probably buy Into a couple more positions.
I am not a professional and this is not professional advice. I've only been trading Bitcoin for about 9 Months and this is all my opinion.
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