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/biz/ - Business & Finance


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49849736 No.49849736 [Reply] [Original]

Why it's been hovering around 20k for the past hour or so and what does that mean?

>> No.49851785

>>49849736
it means the bulls are not yet back. but another great time to stack ETH and promising low caps with great potentials like SYLO.

>> No.49851926

>>49849736
It means we're likely retesting 17-18k. If it holds and returns to 20-21k, it might rally a bit along with the stock market (if it rallies this week, which I think it will). But I'm also fairly new to this so whatever.

>> No.49852138

>>49849736
That you are gay

>> No.49852163

>>49849736
there is no actual buy-side right now, the value is being propped up by the exchanges themselves so it doesn't collapse

>> No.49852207

>>49852163
there's no sell pressure either

>> No.49852241

>>49849736
consolidation

crab for weeks