All of the past times Bitcoin has pumped this hard in a short time frame, it has dumped hard

Six gorillion

>this is dollar devaluation
has it begun

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I legit thought btc had code to know when the fed made dollars and was a measure against it but thinking now if that really were the case it would be higher than this I think I’ve taken corses

I bought low

Faith

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Pullbacks are fine.

This time a global pandemic is underway

Yep, if anyone cant see how obvious of a manipulated bull trap is they are fucking retarded. Classic blow off top.

>winter is coming user
while yes at some point it will retract, but the question is when and how much

I guarantee that the moment this tries to press 10k it is going to crash so hard that bulls won't know what hit them.

look at open interest alongside the price. this was a price move brought on by massive spot buying. last time this happened was the chad candle of april fools' day 2019.

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lol retard

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cool, but the important part is that you missed the pump

Get a room and have sex already.

just wait until there are riots on the streets and people are starving. This pump is only so that small miners can sell at profit when the halvening hits. A hell of a lot miners will not survive after the halvening, so they will pump it, then sell

The areas you've circled have corrections after 2-4 days. The current pump on the far right don't have any corrections yet after 8 days.

There's the dump now

>What makes you think this time will be different?
I sold this time

If you zoom out the chart to the max, It looks super bearish. 20k was clearly the top, and if it doesn´t break and stay aobve 10k for some time, we´re making lower lows. This is a scam pump so small miners can exit in profit. The start of a real bullrun would have corrections and accumulation periods, this don´t

>small miners can't survive the long-awaited, predicted to the day a year-plus in advance halving
>can't do anything to secure lower energy costs or more efficient mining equipment

>have so much fiat that they can pump the BTC price by themselves

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>Wu Flu fucks everything
>BTC returns to pre-corona prices a little faster than the Dow

>hur this pump looks weird must be a scam xD

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they don´t pump it by themselves, but they ride the halvening pump. And no they know they cant survive when the rewards get cut in half, it´s simple math. The big miners will take over even more because they have better and more efficient operations, pushing the small guy out, which actually is bearish for bitcoin and centralizes it further

>And no they know they cant survive when the rewards get cut in half, it´s simple math.

Do you think that miners were not aware of the next halving, and when it was going to happen? And that they just held huge quantities of BTC through March, when literally everyone else dumped, hoping that a) the economic nightmare caused by a global pandemic would magically be over by mid-May and b) BTC would recover as well? Could you imagine pitching the boss of a Bitcoin mining outfit on this genius strategy as the world locked down and red candles longer than Mandingo's dick started appearing?

The miners who are going to be obsolete in May dumped their BTC in March.

No it is not, look at gold

Just bought back in, thank me for the fump