Now the Market Capitalization has increased by total $12 billion, we have two major possibilities i.e
• Bullish
• Bearish
Bullish:-
Bitcoin will break downward trend which is $7000-$7100 and then test $7800-$8000 and then will chase the target of $20,000 with some ups and downs.
Bearish:-
This is a Bitcoin Pump created by the whales to destroy the short positions, as there were many short positions on BTC. On one of the major shorting exchange, BitMex nearly more than 15,000 BTC liquidated. And now the whales will dump Bitcoin to $5,500-$6,000 and start accumulating. And after this accumulation, Bitcoin will start its Bull Run to $20,000 slowly and steadily.
So, in both the cases, Bitcoin will go up in coming few months. Don’t panic sell your BTC, analyze and study the market before making any decision.
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