I've been holding BTC since 2020. 2 weeks ago when inflation data came out saying core CPI went up a lot i sold my BTC at 18,000$.At first it seemed i made right choice since stocks went almost -3% premarket and i thought we're gonna have final capitulation in both stocks and BTC, that it will go down to 13-15k.
Well when market opened everything just went up, ended like almost +3% at the end of the day. It was the perfect explanation why you shouldn't time the market. I made a huge mistake and i really refuse to buy BTC at now higher price.
It really seems BTC bottomed at 17.5k and stocks(SP 500) at 3480.
Now market is pumping like crazy,its obvious we won't go back to 18k or below.
Good luck to all, i hope you're smarter than me
To be honest, I feel we might see a leg down to 17k if we are really going to a bull market, you see entering a bull market requires toppling a lots of shorts, only when there are a lot of sell orders then can the whales actually bring in their capital, to make it look it's bearish time they have to give up a wick down to 17k area again, I think market will gain some green momentum in coming days but then there will definitely be a big wick down before actual rising starts, because so far things have rather been quite slow only if you see. Secondly talking about CPI data and Bitcoin, I have never ever been able to understood the correlation between the both I am surprised how have you figured it out?