A lot of lines.
20, 50 and 200 MA
That may indicate that price is about to increase and test the first resistance at $12k. Bull side.
That indicates that price may drop to the 300MA and after that maybe $6k to $8k. Bear side.
Now we don't know anything of inside trading, info about bakkt or any other news.
For some reason price is dropping but we don't know so stick to what you know. #TA
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Bitcoin is supposed to be deflationary with a 21m total supply, right?
We all know that inflation in Fiat is like a hidden tax, and some people understand that some don't, a lot of crypto people (by that I mean Bitcoiners) know that.
I can say inflation is bad and Bitcoin with a cap supply will cure that.
So what about cryptos that are inflationary? Or coins that will be inflationary because they are proof of work, or mining that never ends like eth and doge. When will they die?
Unless inflation in Fiat is bad but in crypto is good, doubt it but anyone with an answer could you please share your wisdom.