/biz/ - Business & Finance

[Anonymous No.55239487]

>FUD at critical mass
>BTC is effectively flat on the weekly

[Anonymous No.55239559]

>>55239487
Happens every cycle. The loose bitcoin has all aggregated into the hands of hodlers and there's not enough new sources to dump anymore. The final straw is always the halvening, which reduces even further bitcoin available for dumping and shakes out weak miners.

We're going to have another bull market, but even before then we'll see a return to the 65k range and crab there for a while right before the halvening.

[Anonymous No.55240099]

>>55239487
First of all, FUD is not at critical mass. In many ways the narratives going around these days are actually good for bitcoin, for example maxis claiming that SEC will declare everything except bitcoin a security. And people yammer on about the upcoming halvening, as the poster above me demonstrates.

Secondly, tech stocks have been doing extremely well for the past couple of months. Usually this would mean that bitcoin did even better, but this time, bitcoin has, as you say, been effectively flat.

The picture is not as good as it seems. Bitcoin is not in a loaded spring. Bitcoin is not "withstanding FUD". It is flat because the market mood is neutral, it's that simple.

[Anonymous No.55240705]

>>55240099
>Secondly, tech stocks have been doing extremely well for the past couple of months. Usually this would mean that bitcoin did even better, but this time, bitcoin has, as you say, been effectively flat.
BTC is up 60% YTD, APPL is up 45%.

[Anonymous No.55240727]

>>55239487
Because the price is set by whatever the exchanges fix it at

And as law enforcement engulfs Binance, coinbase and Co you can guess where the buyers will be for a 27k btc lmao good luck retards