I think the guy holding the most Bitcoins hired actors and paid for as many spots he could for Super Bowl commercials so he could start dumping his position at a fine price.
Technicals look at the past where buying and selling took place and estimate probabilities they may take place again at those points. The only hindsight is the data used.
36% believe it is going to below 1000? No way. Too much institutional money for it to go to $1K. BTC will bottom when the ARKK stocks do. Probably at a 10-yr rate of 4-5%.
The 10-yr is still only around 3%. My guess is the long term inflation rate is probably closer to 4-5% so that is probably the terminal rate for this cycle. I mean November 2020 was when the vaccines came out so 2 years after that the CPI should go down to like 4-5%.
True, and those price points will more than likely be true in the future since many other traders will be looking at the same price point indicators that we do, making it a self fulfilling prophecy
Indeed, and it makes you wonder why support and resistance levels form there they do. If everyone agrees that a resistance level is at X, and everyone then sells at X, it truly becomes a self-fulfilling prophecy that X is the resistance.