only after breaking more resistances here, we can expect more pump to the higher targets mentioned on the chart. As we said before only if local supports here break market is bearish once again and supports are still valid.
Major support zones and resistances are also mentioned on the chart.
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bitcoin maxis fairy tale about inflation helping bitcoin.... Inflation is bad for markets and nasdaq. and guess what btc is doing when nasdaq drops
03/2020 nasdaq starts a crazy uptrend going up 153% till 11/2022 03/2020 btc starts a crazy uptrend going up 1431% till 11/2022
11/21-03/22 22% drop for nasdaq 11/21-03/22 50% drop for btc
so in conclusion btc is a risky asset that follows teck sector and when nasdaq goes up btc goes higher and when nasdaq goes down its going deeper like alt coins and bitcoin in crypto market. only gold is going up when markets go down cause of inflation. btc is gold only in maxis head
@Oacen, 3/2020, Gold $1450. 3/2022, Gold $2070. Up 42%... 03/2020 BTC $3850. 3/2022 BTC $39170. Up 915%... so in conclusion btc is a risky asset that has been outperforming gold in the long run. Gold was going down when BTC was going up after 40% of all dollars in existence where printed. Gold is an inflation hedge only in goldbugs head.
Oacen
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@op941, and shiba inu outperformed bitcoin for 2021 and 99% of alt coins outperformed btc in 2021. that doesnt mean something.
sorry i dont want to talk with stupid bitcoin maxis only idiots compare gold with bitcoin this is ridiculus
op941
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@Oacen, look at all the altcoins that outperform btc over 2 market cycles. if you are using alts as a scapegoat to prove your point, that should be a clue. I also understand why gold is valuable, I own it as well. People in BTC can clearly understand gold but people in gold can not understand BTC, I'll never understand this because both sets of people have the same access to information. It's not all goldbugs, look up Lawrence Lepard as an example.
Inflation is bad for markets and nasdaq.
and guess what btc is doing when nasdaq drops
03/2020 nasdaq starts a crazy uptrend going up 153% till 11/2022
03/2020 btc starts a crazy uptrend going up 1431% till 11/2022
11/21-03/22 22% drop for nasdaq
11/21-03/22 50% drop for btc
so in conclusion btc is a risky asset that follows teck sector and when nasdaq goes up btc goes higher and when nasdaq goes down its going deeper like alt coins and bitcoin in crypto market.
only gold is going up when markets go down cause of inflation.
btc is gold only in maxis head