There are currently a lot of shorts being placed on bitfinex at the moment, 50 percent increase after tether printed some 100m $ to bitfinex, I see these shorts being liquidated in the coming days and it's going to push the price of bitcoin to the 8500 to 9000 range before mid-month
The market is likely to remai sideways in the coming week.Strong resistance level at 3800 USD and volume dropped a little,I do not see the buy order increasing signifi cantly in the next couple of days.so we will see trade likely sideways
We are having another deep i price despite the fact that there seem to be some good news on the horizon as regard crypto adoption in general.Samsung,facebook,bakkt etc. Trading volume in past 24hrs increased by almost 2billion $ which is good for the market.Increased liquidity is always a good thing.We keep bouncing within the same range.
These guys are very cunning, on the surface they thrash the cryptospace,creating fud whenever they can,meanwhile in the background they are acquiring valuable crypto assets that will enable them exact control over everyone else.They will strike when no one expects.