So the recent pull back aside, the crypto news seems to have been very positive about BTC of late...
This is from last weekend. I don't remember the last tie I sawnsuch positive sentiment, and some headline articles hinting at the alt season being just around the corner too.
And then I see Squidgro pumping by 200% and the same for XRP... the bull market seems to be in full-flow right from CMC 5 to 500.
And even Hive has been maintaining its high $0.20s for a week.
This especially caught my attention, that the BTC futures market has priced BTC at $100K.
This means there are increasing numbers of people willing to take a bet on backing that $100K target in the future, but of course it also means people 'settling' on a $100K hedge against a potential crypto downturn.
I guess people willing to fill those contracts are happy to settle at selling some of their BTC at $100K on those dates.
And even this pretty dismall looking price trend from Wednesday to Monday....
I can't help but feel those sells are being triggered by certain actors with the intention of lowing the price and then buying back even more on the dip.
I guess it's just a question of how much they are willing to sell off in one go, but I just can't see any of these sells triggering a massive downturn.
But don't hope for an immediate Microstrategy purchase to push the price back up, they did that last week, and they now own just over 400K BTC.
It's a funny feeling...
It does make one feel nervous, this volatility just below the $100K mark, but I guess that's just psychology... take profits before the milestone, and a lot of people are in profit RN.
But what with so much positive sentiment in the crypto space I can only see crypto going up, I can't predict when, but there's just so many actors buying and holding.
And I'm certainly not selling, at least not that much, not yet!
My targets are a little ways off just yet!
But we are getting there....
Posted Using InLeo Alpha
Thank god for that...its been a long long wait for this....
I know, right, we are finally here!
Green Candles Everywhere :)
Hive spiked to 0.38 USD yesterday.
Currently at 0.33.
Looks good huh, I missed that $0.38 spike for some reason the internal sell orders don't go through!
Looks darn good, I missed the spike to.
There always seems to be some market manipulation going on. It has little to do with the utility of crypto.
I'm happy enough that $HIVE is going up and this time it seems it's not the Koreans as they are dealing with some martial law shenanigans. We tend to see people come back when it goes up, but they will have missed out on a lot of possible earnings. I'm still not taking any out until it goes much higher. I want more HP.
It's great to see you hanging on in there! We all have our targets I guess, it could go a lot higher!
Hive pumped hard in february 2021. History not always repeat but it often rhymes…. It’s lovely to see hive rising like it should . Slowly it will reach $0.5 , and more……
So good to see!
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