Current Tether Supply Suggests Bitcoin Price Is Correcting to $20,000

in #bitcoin5 years ago

Bitcoin price charting on a longer timeframe, market structure and the issuance of 1 billion Tether so far this year are making crypto and equities analyst FilbFilb incredibly bullish on BTC/USD in the run up to the 2020 halving.

Bitcoin traders split into 3 groups
Since correcting from 2019’s all-time high of $13,800 and thrice failing to break above $12,500, crypto investors broke into three camps.

Full article :
https://cointelegraph.com/news/current-tether-supply-suggests-bitcoin-price-is-correcting-to-20-000

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This starts reminding me of two weird price theories about stock warrants and underlying stocks...

I think that we should wait for Justice Joel M. Cohen to make the verdict regarding the tether scandal. We have 2 more months.

Indeed the price situation with tether is beyond weird ...

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