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Where are the bitcoin lovers now?

sangheilios

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Here we go again, green resumed, btc was going back above 100k, eth was recovering yet dumb fvcks at bybit had to get themselves hacked for the gdp of a small nation...

Seems like someone doesnt want the price to go too high before big players filled their wallets.
Considering what happened with that hack, Ethereum and the broader market is actually holding up really well. Factor in all of the government layoffs and uncertainty around the economy right now and this is actually pretty impressive. I think the real bottom was a couple weeks back when we saw alts tank. I've also seen a ton of comments online about how people are selling their alts and that they are now Bitcoin maxis, another sign that we are in the middle of heavy fear. My thesis is looking very strong here, if I'm wrong it just gives me more time to accumulate at lower prices.

Fast forward to early May/late April and we will be in a totally different market.
 

Bible_Belt

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sangheilios

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This could play out similar to what we saw last year after the ETF hype. The pattern since the bottom of the 2022 market has been range bound, ladder up and then consolidate/sell off and then go range bound and then eventually take off again. People are saying how similar this cycle has been playing out to 2017, so all of these variables are lining things up to where we might not really peak until the tail of 2025 or maybe not even until early 2026.
 

Solomon

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This could play out similar to what we saw last year after the ETF hype. The pattern since the bottom of the 2022 market has been range bound, ladder up and then consolidate/sell off and then go range bound and then eventually take off again. People are saying how similar this cycle has been playing out to 2017, so all of these variables are lining things up to where we might not really peak until the tail of 2025 or maybe not even until early 2026.
This is why I DCA, which I have been doing even during the bear market. XRP has been performing very well the last 5 months, and I expect it to do even better the next 5 months, however I do not think the bottom is in yet
 

Bible_Belt

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Why is btc crashing? I can't find an answer in any mainstream media. The stock market is supposed to lead the economy, is bitcoin leading the stock market? Is it the fired government workers cashing out?
 

BackInTheGame78

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Why is btc crashing? I can't find an answer in any mainstream media. The stock market is supposed to lead the economy, is bitcoin leading the stock market? Is it the fired government workers cashing out?
Correction to grab more liquidity to fuel a further upward move most likely.
 

Divorced w 3

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Why is btc crashing? I can't find an answer in any mainstream media. The stock market is supposed to lead the economy, is bitcoin leading the stock market? Is it the fired government workers cashing out?
Momentum selling in the form of commodity trading advisors unloading as it’s broken key levels. I threw $50k into MSTR at 267 based on technical rationale like advancement / retrace and moving averages, net asset value compression, and the fact that the sitting president now has billions tied to the fitness of bitcoin. I am going to try not to watch and see if this works out. Saylor is a really smart guy
 

Divorced w 3

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Backtick added their IBIT fund to their model portfolios.

Good day to be a buyer.
 

Bible_Belt

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Fiibonacci retracement levels are fun to watch in any big move. Leonardo de Pisa didn't invent it. He just dug up and translated the work of the ancient Egyptians.
 
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