And here's Why...
The 600$ quick 30min plunge was an obvious "Whale Dump" of sorts, but this dump turns out to be a huge blessing. Unless you were sleeping and didn't think to set "sell limits"...
it might not seem like a blessing.
That sucks. Sorry.
But for those of us who didn't lose out and aren't sitting there twiddling our thumbs, right now is a great time to put some potatoes in the pot.
What I believe will happen based on the some what, almost predictable nature of Bitcoin's jumps and dives, it seems that this next uphill climb will be incredible.
I am predicting a leap to 10.5k in less than a 12 hour climb period. Then a very fast galloping leap to 11.8-12.2 then to 12.5-13.2k easily by September 3rd or 4th. (Possibly the early A.M. EST of the 5th)
Judging by what I am seeing in the alt trades for BTC, and total volumes on trades. A few are trading in massive dumps with some popular alts to grab up BTC. ETH is also on the menu.
Now what I also see are these little hiccups right now, as a few players are making fiat buys into BTC, as a great sign that BTC is going to get really high up there in a flash and maintain a steady quick climb but then a very quick, jerky climb.
I also believe this will happen in the early A.M. EST September 3rd and finish out the 4th-5th and end with a maintained 10.3-10.6k possibly into the 9th to 12th and then I bet on seeing a skate around the 12.0 Mark for a few maintained hours on the 13th or 15th before making a noticeable short fall into 10.1 to 10.2 for a good solid streak.
I do believe that we will see a good 12.5k to almost 13.0k at some period before the 6th of September. I actually would not be surprised to see 13.5 as a peak, but that might be pushing it.
Now here's the kicker.
13.5k will be a limit set and maintained before the 22nd of September before BTC hits the roof at a good 14.2k before the 29th.
These are my predictions for the next run. Remember I am only hypothisizing. I am making a prediction for entertainment purposes only and my statements should not be misconstrued as financial advice. I am not a qualified trained financial advisor and can not be held responsible for my predictions, or statements made in this article. As always, make your own choices but you should consult a real qualified financial advisor before making any decisions on your financial future.
Thanks for reading.