Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Looks like the sell-the-news-boys are dumping into the buying volume of the buy-the-news-boys.
Fun to watch.
Fun to watch.
The market needed a surprise on interest rates. 50bps was needed to keep the market afloat. Volatility incoming…
I’m not sure how we get to new highs from here, but if Bitcoin doesn’t find a way in the next 2 months then MSTR doesn’t get into the S&P500 and this cycle top is in. It’s finger crossing time.
That sounds a little too bearish to me right now.
I expect more like a down-before-up situation, because many loaded their (dump-) guns around $111k. When their power is absorbed by the buyers, the upity could resume in a stronger way.
When we dip, then into areas slightly above this range, imo, which would be still for ants.
Just scale down (/10), then the $5k dump would be like a $500 dump in $11k territories.
We have seen better dumps than such
