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Many investors of cryptocurrency as those watching from the sidelines are getting anxious as the Fear, Uncertainty and Doubt (FUD) begins to set in for them. Their biggest looming concerns are the much-talked-about head-and-shoulders pattern that hints at a drop from current US$30K levels to about US$10K, and also the "Death Cross", which is basically the Bitcoin chart cross below the 200-day moving average line. I was able to meet up with an anonymous crypto whale yesterday, and decided to make this post to share some of the insights I gained with you.
This episode is also available as a blog post: https://ppedad.wordpress.com/2021/07/22/btcusd-will-bitcoin-fall-to-us10k/
Many investors of cryptocurrency as those watching from the sidelines are getting anxious as the Fear, Uncertainty and Doubt (FUD) begins to set in for them. Their biggest looming concerns are the much-talked-about head-and-shoulders pattern that hints at a drop from current US$30K levels to about US$10K, and also the "Death Cross", which is basically the Bitcoin chart cross below the 200-day moving average line. I was able to meet up with an anonymous crypto whale yesterday, and decided to make this post to share some of the insights I gained with you.
This episode is also available as a blog post: https://ppedad.wordpress.com/2021/07/22/btcusd-will-bitcoin-fall-to-us10k/