4 Days Remain for 16K Bitcoin Price 4Chan Prophecy: Now Possible?

As usual, there has been wild speculation on Crypto Twitter that the Bitcoin price pump was a direct result of Chinese President Xi Jinping calling for an acceleration in the development of blockchain technology as reported by Cointelegraph last week.

With just 4 days left for the prophecy to be fulfilled, one must ask whether or not the current price action was predicted by the above prophecy.

Was the huge Bitcoin price run from $7,400 to $10,500 a result of Tether being dumped into Bitcoin amid fears of an imminent collapse?

Shortly after Bitcoin price settled in the region of $9,500 there were wild wicks on the charts and a notable increase in Bitcoin trading volume.

With some further exploration using other indicators, it is possible to see that Bitcoin price is witnessing a full bullish reversal.

The price action isn't usually so violent, and last week's move was so great that Bitcoin price may even print a green candle on the histogram tomorrow if it closes above the weekly MA of $9,880.

If Bitcoin price continues to test the $9,880 resistance and breaks past it, there will be a huge change on the weekly MACD.This would represent a massive buying signal to traders.

Logically speaking, Bitcoin should be experiencing selling pressure from traders taking profits from last week's big move, but Bitcoin is known for providing surprises.

Bullish scenarioIt almost seems incomprehensible that Bitcoin price could continue to increase next week but the last few days of price action have shown that this is a possibility.

If the price slides below $9,150 then it looks like Bitcoin may have to hand the torch back over to the bears.