Post by
GalaxyThunder1 on May 12, 2022 2:26pm
Bitcoin $26,000 might be the capitulated low that we needed
The current stock market crash and the destruction of terra luna spooked everyone into panic sell of anything related to crypto., the positive right now is that Bitcoin are still higher than the capitulated low of 26K. If Bitcoin can cement this low, we should be going back up from here in a strong gradual manner .......... nasdaq are way oversold right now, people are near capitulation right now, they just want to get out. What comes after the capitualation is the elastic band effect .. everything just shoots back up. There's many news that can spark a big reversal in the nasdaq, and Bitcoin.
There's tons and tons of people sitting on the sideline right now .. waiting to jump back in when the elastic band effect takes place.
Most important of all.. Galaxy stock price going to be protected by stock buyback .. should able to stay above $6-$7 .... once the big reversal comes ...... galaxy will be back above the $20 level again.