I believe what happened was great thing forced by some major player.. to keep the bitcoin price stable. It was never as stable.
If successful, this is hyperbullish.
Bullish = when something looks good and to escalate in perceived valuation.
hyperbullish = when something looks to be blown out of proportions.
In this case, the catalyst is banks. That was the biggest reason against bitcoin in major institutions (it's inability to keep the price steady).
Now if these attempts prove successul, bitcoin will at one point start pumping like crazy.
remember before this heavy sidelines what I was talking? Bearish when everybody bullish?
Well, still I am. Market may delay, but I believe there is still gravity pulling it a bit down before any up move.
I might be wrong, but really, I'm rarely wrong
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