As the 100k milestone is broken, we are closer to the suddenly part
Almost time...
Ready for the next leg up for btc?
Unless a black swan, 50k has gone forever! Demand currently outstripping supply + halving around the corner. If current demand continues, exchanges likely exhausted in approx 6-12months.
Shorting bitcoin is not conducive to mental health! Traders who levered up getting re-educated by the market. You dont short BTC!
Market traders have not ever experienced scarcity likely this! Until they truly learn what bitcoin is, we expect to see many, many more short squeezes this cycle
Traders have a lot to learn betting against a rocket with a short fuse
This is as low as its going to get, waiting for large dips (just before halving) is allowing the likes of Blackrock to front run you all. Base price of btc after halving will be much higher than what the price is currently and likely to never see $50k. When you look back in only a few months, (in next epoch) current prices will be seen as a bargain.
Having conviction to stack during the bear market will give you the edge over others. We are still 1-2% adoption, a 1 in 1000yr opportunity! Long term any amount stacked now will exponentially increase your purchasing power. With the advent of increased global demand (ETFs, inc Hong Kong, Japan etc) its unlikely we see the same cycles repeating. A lump sump before halving will outperform DCA
People still waiting for $20k, $30 or $40k has not put in the hours to understand how rare this asset will become. Its only going to move in one direction as demand ramps and supply gets cut in half in next epoch.. crunch time!
Anyone still waiting for sub $35k btc has not put in the hours to understand supply dynamics, if you still need to allocate, last call sub $50k
Anything under $50k will be considered cheap in a few months in next epoch
Gearing up to break out of $50k milestone
This rocketship is getting fuelled up... sell walls will evaporate as clocks begin countdown for launch..
Best truly 'fully airgapped' signing device out there.. Only issue is we need better quality cases!
Time for a break out of this range?
Short term that may be the case, however the market is balanced and slightly favoring the bulls last few weeks/months. With supply to be cut by 50% in 5 months time, speculators will not have large risk (short) positions in front of a rolling train. Additional demand is not required (when supply is halved) for price to rise to reach equilibrium.
Price breaking through new 12 month highs while liquidity evaporating for the bears, the writing is on the wall.. Front running gaining momentum. 20ma holding strong, incoming golden cross, fed cut in next 12months.. Last call for 35k forever?