As we see on the expiry dates of both CME and CBOE futures, Bitcoin price generally drops heavily. This trend has to end at some point and always comes back from the dip level (6K-7K) that is defined when those companies announced they will launch those futures. This is the time the financial wolves joined the game and became market makers. This dip is the exact bitcoin price when it was announced.
So I'm pretty sure we will not go below. I don't know how many cycles it will take to boost and market makers play the bull, we will see but at some point this will happen. Also the cycles of shorts is telling us that not so long. Every time they decrease, the highest level of shorts reach is getting lower. So this paradox should end a new cycle should start in upcoming months.
I'm long in bitcoin... We will see a bullish market in august and september...
So I'm pretty sure we will not go below. I don't know how many cycles it will take to boost and market makers play the bull, we will see but at some point this will happen. Also the cycles of shorts is telling us that not so long. Every time they decrease, the highest level of shorts reach is getting lower. So this paradox should end a new cycle should start in upcoming months.
I'm long in bitcoin... We will see a bullish market in august and september...