Quote from: Biodom on Today at 01:39:53 AM

BTW, why, exactly btc declined so abruptly? Bizarro.
I know the story...maybe satoshi...blah...blah...maybe someone else..blah blah, whatever, it just shows that many ~~all those~~ longs don't really trust the asset.

I would hardly characterize this whole situation as an abrupt decline.

We had a virus induced bottoming out on March 12 at $3,850, and then a halvening run to $10k without much correction... and in recent times we have been having corrections down into the $8ks - perhaps could go into the upper $7ks without much of a breakage of the short-term up, with a bit of a reliever from not quite being ready or able to break above $10k.

Sure, you are suggesting that there could be something wrong since BTC has not quite broken above $10k, and that might be true that she is getting close to accomplishing such breakage..... or maybe there could be a need to carry out a few more tests of support, and to see if any more weak hands could be shaken.. especially the halvening hype hands, which might be fun to shake some of those get rich quick folks, no?

Lots of people do seem to be hoping for a soon and quick UP.. but also I am still not sure about how much froth might be necessary of shaking in the shitcoin space because those coins do still seem to be quite responsively hanging on to almost any bitcoin UP move, and not sure if they are worthy enough to deserve coming along with king daddy on its next ride UPpity...

To me, a week to a month bouncing between $7,800 and $10,200 seems more like a flat than it does like down or an abrupt decline, and sure if we get a few months in this area, there might develop additional anxiousness about a move one way or another.. in the meantime, tentatively, I consider our current location as a kind of flat..

wake me up when (no, I am not going to say "if") we break outside of $7,800 - $10,200. Tongue