7/20 More good news re the bottom… with a caveat. And some awesome Twitter shade chucking

Baboon Room

"A lot of people were looking for the bottom," he said. "A lot of institutional money with dry powder looking for an opportunity to get in and I think the bears just kind of ran out of energy, ran out of Bitcoin to sell." "When the chair of the Fed says negative things about bitcoin, and Howard Marks says negative things about bitcoin, and Ken Griffin says negative things about bitcoin, and bitcoin doesn't move, I think that's a bullish sign," he said." From CEO of BitMex Arthur Hayes "I would love to see Bitcoin test $5,000 so we would know if it has really bottomed in. If it is able to hold above this level, a rally to $50,000 will be possible by the end of 2018." "Many traders have probably sealed their positions around these levels and this is why there will be a little pop there. Short-term, Bitcoin (BTC), might go as high as $8,000, $9000, and even $10,000 before bottoming to $5,000. Sherman Twitter blasts