Elon Musk left the government - this is probably a massive red flag. Dude has a knack for feeling where the wind is about to blow next. He is turning around now, knowing the house of cards will collapse. I truly think we are months away now, and not years anymore. Think late summer; like August - the dominoes begin to fall.
So they denied last week plans to do a equity/bond offerings but wasn't asked about an ETF I suppose?
None of us are bullish enough These 2 might just be bullish enough I've posted videos of British Hodl here on ET saying get to 1 bitcoin during the bear market and when Blackrock announced their bitcoin etf application! But no one wants to buy bitcoin during the bear market, when bitcoin was bouncing between 15k and 20k FOR MONTHS(!) posters here were laughing at us, saying it will not come back, Same thing happened ALREADY in 2018-2019 bear market, I was here, experienced the same thing It is sad, because wasted opportunities. but as I already posted here on several posts, I could not convince families and friends 10+ years ago when price of bitcoin was MUCH LOWER, just the way it is Without giving away the whole video, British Hodl saying it is important to put $250k into bitcoin TODAY because of [reasons].... A quarter of a million $, for ~2.5 bitcoin I do not think many people even millionaires would do that...
Hey guys! Let me please butt in for a second..... Don't lose faith or hope, bitcoin is very bullish atm. It can do something to surprise everyone, when it's quiet, listless, lifeless, don't underestimate it. Don't get caught out by being flat atm, unless you can react very fast. I'm not holding but forget about that, I'm trading other volatile instruments fully committed.
In what universe does this take off from here? Statistically this is done as dinner for awhile...maybe 95k in the short term. If it continues as expected then 80ks in about 6 months. I hear ya...I would tell everyone who would listen to buy back in 2018. Nobody as far as I know did anything. Now I am doing the same with high yield etfs...they are much more impressive as people can see the returns. Besides, the days of making big money in bitcoin are over, unless you already have big money. (sry orbit)
I would say at this point there is about an 80% chance this continues down in the short term. I'm sure a lot of people chased that rally and break to ath's, so they are starting to get nervous and could provide the selling pressure that statistically is seen in this part of the cycle. (Even if it does continue from here I would expect sub 100k first anyway.)