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RE: Market Analysis: Bitcoin, Tesla and the Power of Narratives.
Good analysis Tradealert. With this squeeze, I’m expecting a much larger move in the next 3-4 weeks. Fundamentally you’d expect price to skyrocket, but without new money entering the market, I’m afraid a collapse to new 2018 lows is still on the table. Should be an interesting few weeks. I’m almost hoping for a drop below $5,000. I think that’d be enough to spark some interest and hopefully bring in fresh capital. We’ll see.
Fair points Workin, I agree it's unfortunately all in the hands of whales at this point.