Based on the last two peaks Bitcoin should fall, but that already should have happened. Maybe someone is taking just a moment....
The Crypto asset class is difficult to predict lacking history and applied use, but offeres incredible opportunities for private and professional speculants way bigger than stock market speculation.
It's just so much more hardcore for the trader.
I currently wonder while observing a market flooded by cash, but rather limited to two coins in volume, if the main speculation departments of the Big Banks are currently running Power Point driven internal mandatory schooling classes to have their trader floors attend the crypto arena.
As a matter of fact are today the main Banks in a constant short term online trading battle that creates employees getting boni way higher than the Banks CEO annual pay check, and everybody loves it.
The problem is that access per trader costs from Bloomberg 20.000 Dollars and Binance offering the same tools is compared paying the trader to stop buy, or stop by to buy in, but on a way more attractive market.
Elon Musk can influence one Coin, but not the entire market. That's what Crypto Whales apperantly do.
To the best of our knowledge are at this point a few main investors called Whales able to move the market, apperantly.
If instead of a retreat to buy low again the crypto market volume rises to 6t the battle turned even and classic trade floors using software analytic tools that others need to draw manualy are able to outsmart early users sitting on a lot of coins, currently mainly Bitcoin and Etherium.
After that step, some Banks will actually look at the technology and beside Stable Coins, two main coins and a lot of others some coins will turn Applied Coins being actually used for what money was initially created.
Bookies, Trade, Goods, Savings...you know...Templer and Royal stuff, just like The Citizens do?
#cyberpunkcoltoure