Are we going back to the 70s?
Guys, there‘s nothing to sugarcoat! Bitcoin is falling like a stone this week. ETFs are selling off like never before, net outflows yesterday alone were almost 1B USD, 1,5B since Monday. We already lost -12% since the weekend and are now back in the low 80s. Current price is 84k. But well, volatility is vitality, isn‘t it?
Question now is, can the market find some support here or do we need to go down even further? The 70s is not impossible. But since Fear & Greed index is now at „Extreme Fear“ levels already, we could see bulls beginning to fight back. Price gets attractive now. If you liked Bitcoin at 100k you should love it at 84k, no?
I myself am DCAing daily now to take advantage of this major dip.
What is your impression? 70s or can we turnaround in the current area?
I believe the decrease in btc price is only temporary. What im bothered about is the low prices of alt coins.
Yes, they suffer a lot!
If we find candles below 83000 then we can see CME cap filling otherwise the market will recover from here and when it goes above 91000 the little tension will be over.
It’s going to be more bloody
I can sense it
I think it's the handiwork of the so called Market Makers. But BTC will rebound in no time, especially if the idea of strategic Bitcoin reserves take hold.
This is such a wider market drop than just Bitcoin and crypto. There are some weird macro things happening that nobody can really explain. My coin guys say that people are liquidating silver and gold as well. Many riskier stocks are selling off. So it's just something that we are going to have to ride out.
But don't forget we have a 20-30% drop just before the big boom. Zoom out and chill out.
That’s right, I also think a correction is healthy after the huge Trump Pump.
Yeah, but I ended up upside down in MSTR from that Trump Pump, so I'll just have to keep selling options against those shares until it goes back up, lol. Darn, I have to keep making money...
No doubt man a blood bath week for bitcoin But, if we believed in it at 100k, 84k should be a discount and that's what long termers are seeing it as
Agree 🤝🏻
Agree 🤝
