Post
Topic
Board Bitcoin Discussion
Re: Is the newly minted USDT, a driving force to surge of BTC ?
by
Hamza2424
on 12/03/2024, 10:37:48 UTC
The month of march has been a bearish period for Bitcoin since it's history and a lot of whales predicted it's price to go below 60k and probably rise again after March in the anticipated halving towards April.

Are you sure that you're not making a mistake here from what you're saying, maybe you're intended for bullish instead of bearish because bitcoin has been bullish since last month till now, maybe we may experience a little of its bearish any time soon or later in March, but as for now, we are still bullish in bitcoin market price, try and recheck your statement if something is not missing from what you've already intended top portray.

Ahhh. Buddy nothing to worry about so far March has been a good year until now as we are watching Bitcoin making higher highs from the last month and now already at ATH, what OP is talking about is a heavy shake and I can logically and technically agree with OP that so far Bitcoin is already at ATH and greed index is on its peek so there will be nothing shocking if Bitcoin makes a toward move by this week to revisit at 65k to 60k range to liiqudte all the long traders and then shot traders.

That's the reason we need to realize about saving profits to take re-entry in the market and that might be the last opportunity of the entire cycle. We are already in the distribution zone. So DYOR before any entry.