Is the crypto winter over?

I'm on the other side that $70k will not be a resistance at all. The new buyers are long term hodlers, i.e. ETF's and boomers getting an allocation. They do not trade for short term profits

And there's also this rumor... some say Saudi Arabia

 

One problem with central banks buying up Bitcoin. Since the ill-fated move by Biden of weaponizing the dollar... you risk the same shit happening with blue-chip cryptos.

I don't think it's that far-fetched to see different forks of Bitcoin for the East and Western world.

 

Plunging in long @ 61.2K

Although my gut tells me we'll be visiting 60K. But that's okay too, buy some more at a discount.

 

Good luck to us on the long side... Saw something on Twitter about rebalancing time TradFi exercise, sell the winners buy the losers

But you no care about funnymentals, welcome to the long side, mate, let's hope the inflows are strong to overcome this stupid rebalancing shit

 

I think we just put in the LOD at $60.5K. It can only getter better from here on out. Cheers!

 

Ugh, another scam wick!

 

Your scam wick is over 1000 points outdated. There's already a new scam wick

You're still long?

 

Yup, still long. That scam wick must have read my post. It reversed and went back up.

 

I'm joining the longs here. (got long btc this morning. UK time. It's Up a few percent since then)

Room to add in case i'm buying a temporary high. But 100k ish is surely on the cards.

I've got 2 friends who both have never traded who both made a tonne of money on bitcoin fairly recently and i'm feeling the fomo haha

 

Now I have a real good feeling we will reach the climax at 69K (previous ATH) on Monday. This FOMO is about to give me an erection.