'the way normally super-volatile Bitcoin went calm and stable in the stormiest of times for crypto fits a scenario where boosters are uniting to support and juice its price' Have to say the volatility disappeared conspicuously overnight. I'd like to believe it was simply oversold and also price-attractive to many patient observers.
Absolutely. Why that prior breakout then pullback held recently, I don't know? Buuut I've seen it many times before over many other markets. Yet only BTC gets questioned. Same for volatility disappearing overnight. Really, been moving sideways since late last spring.
Are you new to following markets? If not you should be aware that just like price stops at one support/resistance level and not another it also goes quiet, relatively speaking, at one point in time and not another - overnight - over an hour - whatever. Wide ranges follow narrow ranges follow wide ranges yada yada
Fake money is the fiat currencies, but I do hope that you are correct with Tether pushing the price up as Tether supply has been growing recently, go Tether printer, go!!! Our Bitcoiner community has complained to management about the failure of the 2022 btc price-propping team and they have all been fired, the new btc-price propping team has promised $250K before eoy 2024 or we get our Tethers back To The Moon!!!
wrong. Crypto is the first kind of assets in the history of the world where 70 % of volume is traded in fake money printed out of thin air, that are treated as if they are really currency.
Admittedly,Ive never followed anything as volatile as BTC. I get that youre saying things are cyclical but ive never seen a markets basic characteristic change as fast as what weve seen with BTC.