Why are you lot shorting bitcoin. I mean there many other coins out there to short!
Bitcoin is not stopping until 100k possibly and then correct itself to 75-85k range. But again I might be wrong considering how aggressive Trump is going to be in terms of investing and purchasing and storing more bitcoin within the U.S.
And these new ATHs are not like the previous ones where the ATH was because a bunch of whales and retail investors poured in money and took them out. This is different because we have institutions riding on ETFs, privatised banks falling apart and Trump winning the presidential elections.
Bitcoin halving is less than 14 days away! And the performance has been quite fantastic. It’s hasn’t dropped below 60k for a while, and we see good inflows into the market from both institutions and individuals.
The significance of the last three drops from weekly ATHs has been faded by the strong inflows. The pattern of the drop seen in the previous halving years is slowly breaking this year.
We can expect the BTC to stay between 60-70k range going sideways until halving, as I mentioned in my previous posts, also that most significant drops will also happen between this range!
Longs and shorts to be placed with strategic approach, focused on lower leverages as higher leverages always get liquidated when the BTC moves sideways before halving. Last 24 hours almost $29 million got liquidated.
Alt coins seem to be staying strong alongside bitcoin, this support might continue until halving.
I said previously BTC will hit about 73500 before 16th March which it did, and will then either test to break 75k-76k range and if it dint it will have the same dip as the last 10k dip from 69.3k to 59k, guess that’s exactly whats happening now.
From here it’s definitely going to climb up, if it doesn’t cross 70k then it might spiral sideways for a while. If it drops below 61450 in this week then we are going to see a drop again to 56k or below.
Furthermore there are claims that bitcoin is in the danger zone pre-halving, with close to 17% drop from around 74k to around 62k. We only need to worry about it if we stoop below 56k, so keep your eyes open guys.
Personally I feel the pre-halving dip, 28 days prior, has been diminishing 2016(40%), 2020(20%), 2024(17%), which we can judge again 14 days prior to the halving.
Let’s hope for 75-78k 7-14 days pre-halving, then we are in for a 90-120k tops!
People telling BTC drop happened because individuals wanted to buy a fridge, or pay their mortgage or pay for their wedding! 😂
These idi**s don’t realise that BTC is not anymore an unregulated or an irregular asset, where a bunch of individuals sell and the price drops 10%. There are institutions behind this. There are governments behind it now! 🤦🏼♂️
What do they think? Greyscale sold a few BTCs to get Michael Saylor a fridge for his backyard?
Last 2 drops from ATHs, both has happened from institutions taking profits and buying back at a lower price. This is what happens in the stock market, look at Nvidia 🥲
This time it’s different not one single whale will dominate the market, BTC is slowly becoming the democracy of currencies, if you know what I mean!
Please stop speculating markets as you did back in 2018 or 2021! This time it’s different….