Ninjastic
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Re: Trump's Bitcoin advisor David Bailey to execute $1B Bitcoin buy tomorrow
by
pooya87
on 14/08/2025, 03:58:27 UTC
Quote from: Maslate on August 13, 2025, 08:19:24 PM
Quote from: pooya87 on August 13, 2025, 07:14:48 AM
Quote from: FortuneFollower on August 12, 2025, 09:21:09 AM
Be it 1 bill or 763k of $, the effect would remain the same for the people that follow headlines rather than technicals or BTC overall, don't you think? 
~2 days later and the market has not shown any kind of reaction to this news considering price movement is the same as before. This means regardless of its size, this article is as meaningless as the exaggerated title OP chose Wink
It seems like the reaction came a bit late since Bitcoin had already started its run. Current ATH is around $123k (rounded off). That news probably moved the market, but the reaction still came after the fact. Better late than never, I guess.

Even without the exaggeration in the news from the OP, the price probably would’ve moved in that direction anyway.
Exactly, the price would have moved in that direction, definitely.

That is clearly not a reaction to this news (again it doesn't matter if the news is correct or not). We have had this sideways trend with tiny rises for a while now. Price reaches a new ATH or breaks some major resistance, then it comes down in a "correction". After a while, it starts rising back up again to "retry" breaking more resistances and fails a couple of times until it breaks it and sets a new ATH.

Something roughly like what I drew on this chart:


If the market were to actually react to this news (or any kind of news like it) the price should have moved up (or down for negative news) significantly. Meaning for example in this case price should have reached at least $130k+ territory on the day it was spread on the internet.