As it was normal, Bitcoin has started to correct. The overall trend remains grossly bearish and I looking to sell this rally Resistance extends to 32.500 and only a daily close above 33.500 would finally put a stop to this drop
@RamzaBehoulve, Glassnode data is indisputable. Prior to the sell off there was more BTC sent to exchanges. Since 5 days almost the number of BTC leaving exchanges exceeds that arriving. If you never look at price action and just this Glassnode data alone you'd time market tops and market bottoms perfectly.
If there is less supply we're going to need some monster FUD to push prices back to the lows we've seen recently.
mmm1910
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how can you sell at this point???, pointless !
LA_Designer
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@matiasmatias1, some people like to short at the bottom :-)
cyllan
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@matiasmatias1, he doesnt publish his success rate to people of his telegram, he says he doesnt know, he would know if he made money
BIG_VAS
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I agree about what should happen but I do not believe it will because fundamentals today are strong, Elon will make another impact, lets see in which direction it will push the price.
@ksqndx2pqq, yes, but this is the opposite, Elon talked Doge up, he's talking Bitcoin down. So if you want to follow your own logic, it's going up.
ffara
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@CryptoYoungOG, two different situations. Dogecoin has no intrinsic value and Musk is screwing around trying to pump its price - literally all he does is share a meme about it. Bitcoin on the other hand, it's bullish and a big deal if one of the world's most valuable companies will allow consumers to use Bitcoin to buy their products. Not in the same stratosphere.
This move today informed the market bears are exhausted with Glassnode showing an increased volume of Bitcoin leaving exchanges these past 48 hours.