Current Tether Supply Suggests Bitcoin Price Is Correcting to $20,000

From cointelegraph.com

Bitcoin price charting on a longer timeframe, market structure and the issuance of 1 billion Tether so far this year are making crypto and equities analyst FilbFilb incredibly bullish on BTC/USD in the run up to the 2020 halving. Bitcoin traders split into 3 groups Since correcting from 2019’s all-time high of $13,800 and thrice failing to break above $12,500, crypto investors broke into three camps. The first took the bearish perspective and predicted a pullback to $8,500-$7,500, often citing the CME gap. The second envisioned a lengthy period of consolidation where Bitcoin price would remain pinned between $9,000 ... (full story)