Bitcoin Approaches $40,000 - No Sell Pressure
As Bitcoin approaches $40,000 there seems to be very little sell pressure as it is rising on low volume trades. When there is a lot of sell pressure the volume of sells increases as the price goes up. We've been in this range for long enough those who have become disenchanted with BTC are out, HODLERs are holding and any buy pressure is moving the price.
Also, almost every ALT coin I hold is up and some of them substantially. My biggest winner from a percentage is Strike Finance, trading under the ticker #strk. I don't hold much and don't even know what it is, I received it one day as an airdrop and didn't even know what I did or held to get it.
An average ALT up in my wallet is about 10%.
It's still my theory that any major pumps will come in September, but it's nice to see some market movement, and I think $42,000 BTC will have more resistance than $40,000.. But time will tell.
There is still no shortage of FUD and complaining about crypto in general coming from mainstream sources and those who are easily manipulated.
All news is good news and holding a controversial investment is better than holding one that one knows or cares about.
I'm feeling short term optimism and long-term bullish!
What are you thoughts?
Posted Using LeoFinance Beta
