I don’t think we’ll get a ton of resistance at 100k because this doesn’t seem like retail fomo. If this is nation state(s) buying they’re in a race now to accumulate and running into psychological barriers won’t be their issue. They’re trying to front run the potential of the United States stacking before them.
Discussion
Absolutely
I think the seller side is also not planning to show up. Why would they? It is clearly a bet with the highest upside for 2025, and the odds are better than ever.
This is definitely a weird up. Doesn’t have the same feel as other run ups in prior cycles. Retail seems very quiet right now. Have had a few friends text me, but not the same energy as before. Going to be interesting to see how this all plays out.
I've seen no questions from people around me (and most people who know me know I'm a bitcoiner).
Also, ETF buyers won’t be dealing with the unit bias of spot Bitcoin. Many miss this fact, although I don’t promote ETF buying over spot.
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