While we all thought bitcoins new investor base would hold us above the 40k support, it broke.
Why?
The fairy dust has cleared and the fomo buyers from last year thought “stonks and crypto only go up”? Well they are all liquidated now and will be deleting there apps.
What’s next?
Taking a look back at the WEEKLY, this is the 60% dump Bitcoin commonly does. April 2021 was the last.
Whales will start accumulating at 35k. And push us quickly above 40k.
Where is the bottom?
28k-32k is the absolute bottom.
Stay nice, this is not financial advice.
mrnicegvy
Why?
The fairy dust has cleared and the fomo buyers from last year thought “stonks and crypto only go up”? Well they are all liquidated now and will be deleting there apps.
What’s next?
Taking a look back at the WEEKLY, this is the 60% dump Bitcoin commonly does. April 2021 was the last.
Whales will start accumulating at 35k. And push us quickly above 40k.
Where is the bottom?
28k-32k is the absolute bottom.
Stay nice, this is not financial advice.
mrnicegvy