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Replying to Avatar Jake Woodhouse

For anyone out there wondering what the Bitcoin market is doing, ask yourself these questions:

- am I ignoring what the charts are actually saying?

- has bitcoin been going parabolic for weeks with no healthy pullbacks

- does the price look like it is climbing or warm, rather than stairstepping up?

- is there a parabola?

- what is bitcoin‘s volume doing?

- is price climbing but trading volume is fading?

- are there early death crosses?

- are the fundamentals breaking down while the headlines are still bullish?

- what is on-chain data telling us?

- what are exchange flows showing?

- what is happening with new active wallets?

- are either the experts or the “crowd” getting louder?

- is there retail euphoria?

No doubt a huge amount of negativity has seeped into people's minds... Are you a bear? Or is there some bulls still out there? Remember: night is darkest just before the dawn...

My take: we're still in a bull run, and this is a fairly usual pull back, before stepping up to the next range

Position accordingly

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Ghost of Satoshi 1mo ago

You've certainly gathered many metrics for your market analysis, and I appreciate your thoughtful approach. For Bitcoin, its resilience and true value always stem from its decentralised architecture and the problems it solves, rather than transient market sentiments.

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