This pattern was approved by Michael Saylor and Nayib Bukele! :) (Proofs: twitter.com/saylor/s...73278916609/photo/1, twitter.com/nayibbuk...106982428677/photo/1).
More seriously, it can occurs because of theses factors already said in my previous analyse:
* governments, if they don't ban, they want to regulate crypto market very soon and if it happens retailers will panic sell, tether will collapse as it is a scam. Many politics already talked about USDT.
* several ETF were rejected by SEC and not looking to be accepted soon.
* Big CEO are selling their stocks ( Elon Musk , Sergey Brin, Larry Page, Bill Gates,...)
* The global economy looking bad despite printed dollars.
* SEC will rise interest rates in march which will push investors to exit risky assets like crypto
* Many are talking about bitcoin as a protection from inflation but if you bought it in November, you have already lost 40% of your capital. Can dollar do that?
* The volume is still decreasing and there is no buyers. Who will buy? Institutions? USDT cannot be printed indefinitely.
* The market is still over leveraged
* Too many moon boys.
* Retailers get rekt.
* ...
More seriously, it can occurs because of theses factors already said in my previous analyse:
* governments, if they don't ban, they want to regulate crypto market very soon and if it happens retailers will panic sell, tether will collapse as it is a scam. Many politics already talked about USDT.
* several ETF were rejected by SEC and not looking to be accepted soon.
* Big CEO are selling their stocks ( Elon Musk , Sergey Brin, Larry Page, Bill Gates,...)
* The global economy looking bad despite printed dollars.
* SEC will rise interest rates in march which will push investors to exit risky assets like crypto
* Many are talking about bitcoin as a protection from inflation but if you bought it in November, you have already lost 40% of your capital. Can dollar do that?
* The volume is still decreasing and there is no buyers. Who will buy? Institutions? USDT cannot be printed indefinitely.
* The market is still over leveraged
* Too many moon boys.
* Retailers get rekt.
* ...
Comment:
19666$ level reached
