koryu

btc recovery - possible medium/long term scenario

I believe that this is the most likely scenario:

  • RSI broke out - price should follow.
  • 2018-12-12 bakkt physically settled bitcoin future contract goes live
  • Retest of the bottom
  • Sideline money goes back in after higher high / higher low is painted
  • 137k btc get distributed by mtgox bringing less pressure to price than expected
  • btc still counters central banks and keeps getting adopted as a store of value
  • 2020 btc halving will bring inflation down to 900 btc per day, 1.79% year

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