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RE: Why I Think We've Reached a Bitcoin Bottom

in #bitcoin6 years ago (edited)

I love your positive videos. And I also think that we found a bottom. All those get quick traders have already sold and there is no real reason for those who have bought in at sub 9k.

I think we see the daytraders taking profits after some upwards movement, but it is largely accumulation by smart money (because smart money wouldnt have bought in at 20k). The price probably will go sideways, maybe slowly upwards until we get a catalyst (like an BTC ETF or something else and less awesome).

And then the price will go up really quickly (as seen with the 1000$ pump a couple of days ago), as the not so smart money and the daytraders, rush in, to ride the way. Lets see, where it will take us.