This dark horse in the crypto space, the chart trends of this coin, are bullish according to over half of the technical analyses out there.
The breakout from the downtrend resistance is usually deemed ready to explode.
But what coin are we talking about here?
Let’s reveal it,
this is the PI coin’s "PIBTC".
Now seeing this situation raises a question,
most folks are trashing PI, constantly claiming it’s gonna go to zero, yet now PI BTC shows a breakthrough in pressure.
So, there are a few scenarios:
1. PI is really starting to pump.
2. BTC is about to crash hard.
What do you all think, will BTC crash hard?
But if BTC does crash, it will definitely impact PI even more, it’s unlikely that BTC will tank while PI stays still and PI BTC surges.
Next point:
In a scenario where BTC is the denominator, if BTC pumps, it will lift the value of the whole basket of altcoins, thus attracting even more upward momentum in those coins.
However, it’s known that PI has now updated to version V24, and on June 23, it will be updated to version V26. The official announcement has confirmed that alongside the V26 update, PiDEX will be launched, which is currently the most anticipated major bullish project "PiDEX".
Could this be a launchpad? What do you all think?
Should we go all in short? Or should we go all in long?
#pi