In 2017, we were getting $1K moves every 1-3 days when btc was less than $10,000. Look at the beginning of this thread We need a few days of that, but it's a bear market so not likely
Wallet is not done accumulating BTC's Another $2.5M worth of btc's was added to the wallet a few hours ago If the wallet goes to $1B worth of bitcoins, I'm going to say it's Blackrock's wallet https://www.blockchain.com/btc/address/15pqaBHFwFEphRqmXAPbs3QRLLPB7e2uMb
I've seen a lot of charts in my day. I've seen a lot of levels. But I have never seen a long-term support level like BTC at 20K. Man, that is so sticky. Look at all the times it broke support lower. 20K was a magnet. Look at the times it bounced. 20K was the magnet. Just dayum.
No triple-digit ETH today, so I loaded up on 2.5K shares of a REIT @ 30% discount to NAV. That said, I can't even guess where ETH will be on monday. Just sitting tight and watching the western economy burn for now.
And that’s why it will probably fail, eventually. Just because price bounces multiples times doesn’t increase probability, it is what it is, a bounce. I’m not implying one should not be a buyer, I just don’t view multiple bounces of support any more of a signal then a double bounce, it either takes off or it doesn’t. Maths does the rest.