RE:RE:Wouldn't Chase BTC up here....Sometimes the news is sold.
Trust me, don't chase it here. It's gone up for months without any major profit-taking. It's also a Friday, the first day of the month and first day of the year, perfect time for a temporary shift in sentiment.
I'm not some hater or permabear, it's just severely overbought right now and an ending diagonal is called that for a reason. Healthy BTC bull markets always drop back and test the 20-week moving average as support at least a few times and the price hasn't been there in 3 months now.
AlphaJ wrote:
but we also have skybridge launching a bitcoin fund Monday. A new SEC filing for a btc ETF and record whale hodling and record whale accounts. All in all, not sure how this plays out for Hive. But I think btc has legs. I wouldn't be surprised if btc hits $50k USD by spring. And to make it better, all we need is one announcement from a Tesla or a major central bank saying their buying in and crypto rockets to the 70s. The only macro news that's I find worrisome is US regulation and honesty, I dont think it will be that bad.