The reversal has begun, beware...
June looks promising
Today we saw a rise in just about all crypto currency prices, except of course for the so called "Stablecoins". Bitcoin rose back again above 30k USD, where it will probably stay for a while now. June looks to be very promising for crypto in general after a 9 week streak of red candles. I said a few days ago already, this won't last forever. And in my opinion the reversal has begun.
There are a few reasons for that to fund that statement!
Influx in crypto funds
Up until last week, crypto funds had an outflow of money. But as of today, the balance has changed. Coinshares released the news that the influx in crypto backed funds went from 141 million USD in the minus to 87 million USD in the plus this week. This is a major reversal of money flow, that will inevitably be reflected in a price rise. And it won't be only Bitcoin, as the influx was in crypto in general. So, the good news will not only stay focussed on Bitcoin alone, but also in all alts.
This could be a very major pivot point, as a rise now could return the sentiment towards crypto very sharply.
Psychology
Trust in crypto sunk to a minimum after the attack on LUNA and UST. But a rise now, together with the launch of LUNA 2.0, could change that sentiment very quickly, and could be a psychological turning point for millions of people that were losing trust in crypto. Instead of Bitcoin going to 20k USD as some were shouting, a rise back above 30k and towards 35k, could launch another bull market in the crypto sphere.
I know that loads of people here are still wary, and I understand that, but my experience in the market of hedge funds and other funds, has thaught me that sentiment can change very quickly. And people forget very fast when it comes to money. The fear can turn into greed in a matter of hours.
I am not saying this is a certainty, but when a few things fall into place it could be an epic month of June for crypto. And of course for Hive too. I won't hope, as that doesn't help, but I will surely be watching closely!
Sincerely,
Pele23
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They literally have attempeted my murder and are trying to kill me with V2K and RNM. Five years this has been happening to me, it started here, around people that are still here. Homeland security has done nothing at all, they are not here to protect us. Dont we pay them to stop shit like this? The NSA, CIA, FBI, Police and our Government has done nothing. Just like they did with the Havana Syndrome, nothing. Patriot Act my ass. The American government is completely incompetent. The NSA should be taken over by the military and contained Immediately for investigation. I bet we can get to the sources of V2K and RNM then. https://ecency.com/fyrstikken/@fairandbalanced/i-am-the-only-motherfucker-on-the-internet-pointing-to-a-direct-source-for-voice-to-skull-electronic-terrorism ..... https://ecency.com/gangstalking/@acousticpulses/electronic-terrorism-and-gaslighting--if-you-downvote-this-post-you-are-part-of-the-problem
It s all true what you said. No hopes up though, but the reasons are there to speculate. Lets see how the Luna Classic goes too. It goes a long way.
The current prices are looking tempting and when that happens money flows in. You very well might be right with your assessment.
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I'm one of those who screamed about 20K, lol, I can't help myself, I sincerely want bitcoin to fall to this level)
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I bought my first Hive Tokens yesterday which turned into HP, I have not had invested in crypto in the past and generally as a student the income is very limited but I still believe in the project, hopefully the investment will go for a good future, I wish for the project to thrive along with the platform,
Best Regards and thanks for keeping us posted. Awareness is important in such volatile markets ^^
In the long run, you definitely took a good decision. Don’t get worried if it dips a bit in the short run. That’s always possible. But we are in it for the long haul, and that’s what you should be aiming at! Congratulations
It is little ironic instead of fundamentals , people are trusting crppto on the basis of price.
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Well, that’s kind of true for just about every asset in the world. It’s all psychological and very little fundamental…
Bitcoins today behaviour showing Bullish signs.
So im Holding whatever i have.
you can bet on that.
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Let us see what happens as I don't care either way as I am only staking and not selling.
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Good predictions. Let's hope June stays fruity.
I am still a bit skeptical about the reversal just yet because it could be a bull trap instead. I think it's much safer to wait and see what happens first.
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