Ankr Price Prediction
May 23, 2021Chinese bitcoin miner expands to North America
May 23, 2021Is the Bull defeated by the Bear?Photo by Irina Babina on UnsplashThis will be a quick article, where I will share my point of view on the recent drop in Bitcoin price.Of course, you want to know if you should shell or not. If the bull run is over and we are getting in the long bear market phase of the cycle. I will tell you what my thoughts are, what I am doing, what my plan is.Definitely, this is a correction where the price is down over 40% from its ATH. Normally such a drop signals the bear phase of the cycle when we are talking about cryptos.But where are all the plans and predictions that BTC will hit over $100K and maybe even $320K until the end of 2021?Did Elon Musks tweet kill the Bull? I am not sure. First of all, I don’t believe that the tweet did all the damage. I believe that because everyone is watching what Elon Musk is tweeting, the same are whales doing. Whales are manipulating the market and they are waiting to do it at the best moment.Could you find a better moment when you know that everyone is waiting for the next Elon Musks tweet? I can’t. I, like a whale, start selling and pushing the price down.Yes, I know that we have picked the Pi cycle indicator and that after that, in the previous cycles, we have entered the bear phase.But there is a big difference from previous cycles. That is the institutional players are getting in the game. The boys from Wall Street know how to play this game harder.Photo by NOAA on UnsplashYes, MicroStrategy is a whale, and they want to buy more so that they have control of the market, and with the share from the…
