Bitcoin (BTC) seems to be off to a successful second half for 2019. But prices are highly unpredictable, and a position is forming around the idea that the recent price move above $11,000 may be a “dead cat bounce”. This type of price move follows a lengthy slide, with the price bouncing just before sinking even lower.
https://twitter.com/Xena_CEO/status/1143800558740025345
In the past, BTC has indeed gone through a short-term rally, before sinking lower. In May 2018, BTC went as high as $9,000, only to continue sinking to lows of $3,200 in December 2018.
This time, the price is parabolic once more, going more than halfway to the all-time high of $19.600. The predict...