Time for a little correction possibly to low 40s before we go on.
Comment
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right on track. looks like it could even go sub 40 down to mid 30s. 38k shld be a good entry point in the long run. correction might last through march.
Trade active
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goes smooth as expected. there is still space for another retrace down to sub50
@Villar.martin, rising interest as external trigger could bring it even lower
villar.martin
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@mikenz, this is what I see as a likely possibility
mikenz
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@Villar.martin, quite possible. I wonder how rising bond interest will affect bitcoin price. They affect the NDQ and there has been a correlation between the two for a long time, which we saw in march 2020
villar.martin
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@mikenz, there is a high chance the plunge protection team will come to the rescue this time around
Thanks for the chart. You're calling for a 25% weekly correction? Hard to believe people who missed it at 48k would let it get that low. Guess you never know with this beast.
mikenz
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@theworldinscents, ppl who missed it at 48 bought at 52 and are invested now. Hence they have no Fiat to support the price
SIGPokerKing
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@mikenz, I was referring more to institutional buyers who never pulled the trigger at 48k vs retail, and they have tons of fiat to invest.