Thread 60590849

When will you accept that BTC is never going over 110k? Like, how many more tops do you need? You DID buy under 20k right anon? Oh, you have ETH? I'm so sorry. It would take a pump to 150k to get ETH to start moving but a correction to 147k would put it back to 2.5k

>>60590849 (OP)
The more a resistance is tested the weaker it gets. And I say that as someone who thinks bitcoin won't be over 130k this year but a break of 110k is overdue.

>>60590849 (OP)
It's not at 110, it's at 68, in 2019 USD. The inflation and DXY corrected price curve has broken below the simple power law straight line on double log scales. Could well be the end of it.

its way below ATH in real value

the only reason its at ATH in nominal value is because the dollar has taken a 17% dump

>>60590849 (OP)
Thats where you are wrong, pal

>>60590873
So you bought around 70k, gotcha.

>>60590849 (OP)
you need a catalyst to move the bar. new buying creates compression, which is what spikes the price. current buying is mostly among financially experienced industry people who understand hedging, options, etc, and stabilize the price. that is desirable for their spreadsheets. the price stability means that almost no one "consumer" is buying outside normal investment channels. this makes sense considering the enormous uncertainty in world financial markets.

>>60591648
they literally announce buys and it doesn't move the price. Ever. They buy more than the supply. Between ETFs and these companies buying. 0 price appreciation

Try that shit, even with rumors, on any real stock or asset (e.g. mergers). it'll be +15% in a day before they get a chance to buy. bitcoin hasn't had a +10% day since Nov 2024.

>>60591648
>ZOMG BLACKROCK JUST BOUGHT A ZILLION BTC
>chart crabs for three days then pukes
Dude I LOVE crypto!

>>60592366
this

>>60590849 (OP)
bitcoin is correlated with corporation asset right now. If you counting on dump, then it's not gonna happen. We will resume going up in September.