Bearish Target $1600 golden retrace on the monthly if the bearish divergence on the daily stacks into monthly divergence also would be strong momentum back to downside. The entire run up we created little to no support. Sentiment most bullish of time. People think BTC only goes up. 3700 bottom in March 2020 was never remotely tested
I think this insane pump was designed to build up the hope of the masses and attract more eyeballs to BTC. The more eyeballs / people who see BTC go up, the more will view the massive fall. The harder it falls, the more people will be crushed and the fewer people who will trust in it. Then, that means fewer people want it. Long term demand would have been killed.
TOO MANY people seem to be in agreement that the top is going to be 200k + which makes me feel that number won't be reached until very late in this decade...
I'm on Reddit and I'm seeing countless stories of maxed out credit cards, second mortgages, etc. to buy BTC at 40k+.
From what I hear on the macro level, once BTC has surpassed the 1.414, it may test it but it has never fallen below that level again. Ever. If that’s true, you will never see it fall below 40,000 again. Why else do you think Elon bought? He can’t lose. Shorting will get you Rekt.
UnknownUnicorn12965261
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@vollman1, euphoria dream, listen to daddy elon get richer and buy some DOGE, "The time is different" AHAH
vollman1
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@Bears-Money DOGE like most alts are trash. Heck that coin itself was created as a joke. Bitcoin is never going away and the fundamentals only solidify over time. There has to be some historical reliability in a real world asset for it to become a real asset class and I believe Bitcoin has shown that over time. It has real use cases and real adoption. So this time isn’t different. It’s just doing what it has always been doing. Next stop 50k.
JEZZRZZ
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Correction ? sure. Bear market ? you will be cooked man, what do you thinks gonna happened since TESLA drop 1.5 billion in BTC ? Isnt pretty obvious ? all those big tech will fomo into it even if i think its already the case since march krach.
JohnnyBullXRP
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@JEZZRZZ do you think that China or miners give one damn about TSLA just wait for Tether implosion
JEZZRZZ
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@JohnnyBullXRP, i forggot that case, thanks for your point of view.
I think this insane pump was designed to build up the hope of the masses and attract more eyeballs to BTC. The more eyeballs / people who see BTC go up, the more will view the massive fall. The harder it falls, the more people will be crushed and the fewer people who will trust in it. Then, that means fewer people want it. Long term demand would have been killed.
TOO MANY people seem to be in agreement that the top is going to be 200k + which makes me feel that number won't be reached until very late in this decade...
I'm on Reddit and I'm seeing countless stories of maxed out credit cards, second mortgages, etc. to buy BTC at 40k+.
Every news outlet has been pushing BTC.
I'm desperately trying to short it.