Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
OgNasty
on 19/12/2024, 20:04:52 UTC
We keep dipping lower after every volume spike.  Not good...  Severe weakness showing in the market right now.  Worse, the volume spikes are getting lower, not larger, which means we could still be looking at the mother of liquidations in front of us.  Until I see a volume spike higher than what we saw yesterday at the $98K bottom, I'm afraid the trend is down.  I think most everyone expected we would see sub-$100K again, but not so soon.  MicroStrategy still has some dry powder and states are still trying to get strategic Bitcoin reserves, so this is all just day trader stuff at the moment.  Fundamentals still strong, $200K+ still on the table.  Don't panic.