The inauguration of a pro-Bitcoin U.S. president, who’s been openly discussing a strategic Bitcoin reserve, is one week away - and people are selling Bitcoin 😳
Can someone explain the logic, as I’m 🤔?
Discussion
Classic market manipulation, you love to see it.
They expect a celebratory pump? (After some dipping)?
Also, the rumors drive the price, not the news.
-Market was very overheated in the wake of the election after having gone up 40 something percent.
-it is typical to 'sell the news'
-volatility is common around the new year
-markets often do the opposite of what people expect (Max pain)