My belly says this ain't over because second half of month just started. I am keeping any (little) little powder I have dry.
I have been following the price of Bitcoin for over a decade, and it now feels like it is a lot more influenced by geopolitical events. Above all, whenever the Bitcoin price goes up, surely, it will surely get dumped. I agree on that point of yours, but I still believe there will be a big correction, and it will happen before Israel and the US attacks on Iran, or maybe after the attack. The thing is that the attack should happen next month. I am assuming if Bitcoin price continues to go down, then it is a sign that those corporations are now selling it to fund the next war.
My odds are here greater than 70% , yeah the waves theory. We should expect the dump. Since market was recovering and money was also shifting it's gear , we saw a massive volume and money sure into ETH , other than Bitcoin. So if we were to expect a green market a correction should be made here. Although if BTC recovers $120k my theory will be invalid . We all know this year market was so uncertain and uncertainty can happens. Day trader's rn looking for a correction on BTC.
You guys forget we are 1-3 months away from the cycle's top. Dumps during this phase tend to be:
- short-lived
- insignificant
I really don't think that time of month, geopolitical events or market laws can affect King Daddy during this time. Great time to buy bad time to sell.
