Just a prediction. Reasoning:
1. 120k BTC supply is probably dead. The hacker is unlikely to move it and probably profited by shorting the crash.
2. That's one sick weekly wick. Looks a lot like the silk road bust wick. Shows a lot of strength.
3. Fundamentals are good. Scaling improvements seem to be making progress. And it looks like we dodged a bullet by letting ETH try out a controversial hard fork first.
Note we broke the 18+ month RSI trend, but that didn't stop the 2013 bubble. So long as we bounce here, the bull is alive.
1. 120k BTC supply is probably dead. The hacker is unlikely to move it and probably profited by shorting the crash.
2. That's one sick weekly wick. Looks a lot like the silk road bust wick. Shows a lot of strength.
3. Fundamentals are good. Scaling improvements seem to be making progress. And it looks like we dodged a bullet by letting ETH try out a controversial hard fork first.
Note we broke the 18+ month RSI trend, but that didn't stop the 2013 bubble. So long as we bounce here, the bull is alive.