What’s Next for Bitcoin...
"The pseudonymous trader tells his 181,400 Twitter followers that after a week of choppy downward price movement, he still believes Bitcoin has enough strength to recapture $28,000 in the near future"--Paul Ebeling
Altcoin Sherpa, popular analyst is providing price target updates for a handful of crypto assets as the markets fight to wrap up the wk in positive territory.
“Still expecting this low to hold for now. Would like to see a sustainable higher high coming, still going to assume $28,000 is coming until shown otherwise.”
Moving on to dog-themed meme coin Shiba Inu (SHIB), he expects another rally from the Dogecoin (DOGE) competitor if Bitcoin and Ethereum do not falter.
“I’m still in my position and I still think another leg up will come as long as BTC and ETH hold steady.”
At time of writing, Shiba Inu is down nearly 5% and priced at $0.000015. The altcoin rallied by 80% between August 9th and 14th, rising from $0.000010 to $0.000018 before correcting.
At time of writing, the King crypto is going for $21,761,21.
The Knights Platform is an electronic network that links the trading floors of every relevant Crypto Exchange
Market participants, Brokers and market makers can take a price on any of the linked exchanges to find and execute the best price available. Eventually, as they are on boarded, a broker on the floor of one exchange could directly place an order through Knights rather than going through a broker on another exchange.
A tip of my hat to sovereign individuals with satoshis and Bitcoin in cold storage with our firm. Click here
Editor’s Note: The market cycle is a naturally occurring phenomenon, attributable to human psychology, and has repeated itself time and time again, though with some variations, in the lives of nearly all market traded instruments. This cycle repeats itself to varying degrees but is fairly accurate in representing the shift between market sentiments of euphoria and pessimism, and an acknowledgment of this natural phenomenon is Key to profiting from any traded instrument, including Bitcoin. My work shows a return to the mean and then all-time highs in here. Tune out fear.
Have a prosperous day, Keep the Faith!
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