Anyone else thinks this is a fake relief rally? I’m
About to make the decision I talked here before to sell 10% of my Bitcoin at certain stages. 69k was the first stage to sell 1%. But I’m ok with 67k right now. I have the feeling we will dump further and stabilize until few months after halving. Would be nice to have some powder to buy back deeper. As I am 100% into bitcoin and have nothing else on the side lol
Who knows...
The ETFs in and out flows appear to be controlling the price quite a bit at the moment from what I can see. We are dipping again, now that GBTC has sold another 1500 BTC via Coinbase.
I am totally not obsessed with GrayScale, regardless of what some people may think. I've even explained in one post that I think it's just another single hump in the road like SO MANY distractions we are constantly faced with, when speculation about the price and the reason for its movements.
But absolutely, I think when GrayScale outflow stops (which will happen soon) and the halving has happened, I think the sky is the limit to BTC's price in fiat currencies.
We will definitely see a 100K+ BTC in 2024 and latest in 2025 I would have thought.
The time frame will always be the uncertainty.
Now that self custody is no longer a concern for perhaps many potential BTC buyers in the future, who may have been apprehensive in the past, certainly for institutions, with the multiple ETFs existing, I wouldn't be too sure about revisiting sub 50K BTC prices ever again.