geirstint

BITCOIN - Consolidate for about a month

geirstint Uppdaterad   
BITFINEX:BTCUSD   Bitcoin
Expecting Bitcoin to consolidate within the area until around middle to end of June. Maybe even second week of July before any bigger moves to the upside. And before a bigger move to the upside we'll likely grab the liquidity boost from 30k or a little below because most degenerates will be longing futures with around 20% stop loss, we'll clear their sell orders (stop losses) and then price can boost heavily to 50-60k and beyond.
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In the meantime, expecting altcoins and especially DEFI coins to do well. De-fi enables passive revenue and makes up around 2-5% of total market cap. It will definitely be making up the majority of the market in couple of years.
My biggest bet is on ThorChain.
(PS! ThorChain enables NATIVE btc to earn up to 20-60% APY just from fees generated and also cross-chain swaps of native coins without a middle-man.)
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