The problem with thinking this is the top is that there hasn't been any FOMO buying... only FOMO dumps. The buying is still institutional and being carried out with strong hands. The second I see price sloshing back and forth on a buying spree I'll be sure to take some gains.
No matter what... I'm going short in February.
Me gots a bad feeling.
On the other hand all these institutions know the price can still x10 from here... so they might not care and just keep buying at this level... who knows. We have amazing volume.
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Yeah, I don't have a strong opinion on either side. A run to 50K in the short-term could easily happen before any extended pullback, but who knows lol
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I think $50k is very likely if Biden takes office without incidence.
Even better... if he takes office with incidence... the whole "you need us, give us your freedom" narrative might pump the market as well.