Bitcoin weekly, just a thought.
There are multiple interpretations on how to see this current correction, and all are wrong, and right at the same time.
Here's another valid (in my view) view on the future. Institutional investors need the price to reach a certain low, so the panic selling begins, and they can buy bitcoin without driving the price up too mutch. Almost the same as how a bank or hedgefund buys or sells on stock options. They need to break a certain support or resistance to get the masses to join the 'breakout', only to get their own orders filled without grabbing the attention of the smaller investor.
Here's another valid (in my view) view on the future. Institutional investors need the price to reach a certain low, so the panic selling begins, and they can buy bitcoin without driving the price up too mutch. Almost the same as how a bank or hedgefund buys or sells on stock options. They need to break a certain support or resistance to get the masses to join the 'breakout', only to get their own orders filled without grabbing the attention of the smaller investor.
Penafian
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