Bitcoin has been consolidating in the 50’s for almost 3 months. People have no idea how bullish this is.

There’s a lot of mania and hype at the moment and people seem to think a crash is around the corner. They think we’ve peaked too quickly and a 2017 crash is coming but we’re a long way away from that in my opinion.

What people don’t understand is the mania around doge is irrelevant in relation to the market. Doge has very little influence in the market.

The only coin that really matters is bitcoin. It controls the price of all coins because they are paired together. When bitcoin crashes everything crashes. If doge crashes nothing happens.

The only mania you have to worry about is in bitcoin. It doesn’t matter what happens with the other coins. In 2017 bitcoin tripled in a month before crashing. It basically did a doge and then crashed.

This is why we’re not going to crash anytime soon. Bitcoin will crash after a manic phase, not after a consolidation phase. All we’ve been doing for the last 3 months is slowly building support for the next leg up. The strong hands are still buying and exchanges are still seeing large outflows or bitcoin.

Things have really looked this bullish in bitcoins history.