Why I am bullish, off the top of my head.
+ LOts of fin market 'experts' have made bold bull forecasts- Vinny, Tony Gallippi, Raol Paul, Chris Morris. While these people could be wrong, they have a good record and arguably, insider info that some of us are not privy to eg Gallippi. In fact, i remember gallippi made a correct bull call last year before the run up.
+ Coming halving
I believe it is in the interest of the whole bitcoin ecosytem (whales included) if price went up (again) during/before or after the halving. It helps build a narrative for bitcoin, that of scarce supply, deflation, higher prices and new asset class.
If bitcoin turned bearish , it would damage outsiders view of bitcoin, especially now after Craig's drama. Also, bearish before a supply halving doesn't make bitcoin look attractive for all its cut out to be.
+ News has been good of late,for a while now. If bitcoin turned bearish now, after all the good news/press coverage that has come out, it would not be good for its image.
My case is, it is in the interest of all of us (whales/manipulators included) if price went up before/during/after the halving. It helps reinforce the image of bitcoin to the rest of the world who do not know about bitcoin or have heard of it marginally.
That said however, I am conscious of my bullish bias. Of course, as some are saying, it could turn bearish. But, based on all i have looked at (technical aside), there is a general fever of a price rise and it would be a shame if it went to waste.
COuple this with the charts, that show a continuation pattern (debatable).
I am open to a price fall to $423 even $420, but that is as low as i expect a move down.
Now, having said this, if(when) price goes up, it might disappoint a lot of moon callers. I am targeting an exit at $650. But see $700 as possible. But, thereafter, manipulators/whales/gods/whoever can step back in and sell the shit out of the market, back down to X. If i had to catch traders off guard, I would turn bearish after a halving (mini) bubble. This way, trap anyone who fell for the halving mania and surprisingly sell off. But then, i have a bullish bias, so, i could be expressing my bias here.
Basically, I am expecting this
PS: Sorry about my poor english, i can't be bothered to edit. Hope you make out what i am attemtping to communicate
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