Today the flows were a little weak. From what I remember we only got $200M in net flows and IBIT was only $120 or so. But at least GBTC was only $140m negative today.
So this is what the market is looking like. If it starts to show little to no flows then most likely that’s when the profit taking will start. But if we resume the $500M worth of daily inflows then we should continue to $100K around the halving date. Or shortly after.
Topic: lots of up and down action traders having a blast before the 1/2 ing. When moon (Read 78 times)
March 16, 2024, 01:02:51 AM
March 15, 2024, 05:44:31 PM
Everything that happens is in a certain way unprecedented, although the current market immerses us in making known decisions, that is, we could have an upward movement that breaks this "party scheme" of short selling.
March 15, 2024, 04:02:05 PM
This is one of the uniqueness of the price movement, very difficult to predict with accuracy, and always have its way of messing with the emotions of all. I'm not too surprised though because I already expected some dramas in the form of manipulations around the previous ATH of $69k; price will not just eat it without some forms of retests. Even though price will proceed far above the high of previous market cycle, the retest and manipulations we are seeing now are inevitable. We just have to be patient with the market while ensuring we are invested already.
Of course it is true, this is quite a test of investors' psychology and may influence their interest in the market. Some of them may change their investment plans because they see an opportunity to accumulate more assets if they sell at a high price and buy at a lower price within a few days, but what is clear is that price movements are very difficult to predict.
There are opportunities and there are also risks. Not all of them would change their investment plans even if the opportunity presented itself, so I think it's likely they're still holding on to their bitcoins with no interest in selling and reinvesting at a lower price.
March 15, 2024, 03:59:00 PM
march 14th
73.7k
68.5k
march 15th
72.4k
65.5k
70.5k
lots of strong moves do we break bigly up soon?
73.7k
68.5k
march 15th
72.4k
65.5k
70.5k
lots of strong moves do we break bigly up soon?
The market is sort of ranging or in a consolidating trend to me, this sideways movement will continue for until something strong influence either the market to dump or to pump. This two movements highlighted were as a result of fundamental news. A pump to almost 74k was as a result of prominent institutions like Microstrategy buying and a dump from it was as a result of some whale addresses transferring their funds out. Today’s could be as a result of Vanguard CEO saying a No to spot bitcoin ETFs or probably a coincidence of more than 4,500 bitcoin been transferred today from binance deposit wallet to its hot wallet. Report says same move happened during the march 5 sharp dump too.
All this fundamentals will definitely cause FOMO or FUD ands it’s effect is this sharp corrections we see. For me I don’t bitcoin breaking the $60k support soon and my resistance price before halving is $85k
March 15, 2024, 03:47:48 PM
This is one of the uniqueness of the price movement, very difficult to predict with accuracy, and always have its way of messing with the emotions of all. I'm not too surprised though because I already expected some dramas in the form of manipulations around the previous ATH of $69k; price will not just eat it without some forms of retests. Even though price will proceed far above the high of previous market cycle, the retest and manipulations we are seeing now are inevitable. We just have to be patient with the market while ensuring we are invested already.
March 15, 2024, 03:47:33 PM
Seems like there have been some major planned buying/selling happening but I am confident that Bitcoin's price will surge further and now $100k looks more realistic than ever if there are no mass panic selling happening in the market because I already see some fear in market when Bitcoin dropped from over $73k to mid $66k. I just hope people don't forget trap of manipulation and keep hodling Bitcoin.
March 15, 2024, 03:32:56 PM
march 14th
73.7k
68.5k
march 15th
72.4k
65.5k
70.5k
lots of strong moves do we break bigly up soon?
Who knows if those that bought bitcoin recently also sell recently and buying it back at a lower price. This is possible. We need more people to invest and the price will increase. I do not know if there would be a huge price increase above all-time-high imminently but I know that bitcoin will get to $100000 in this 2024. We should expect more price increase at anytime. 73.7k
68.5k
march 15th
72.4k
65.5k
70.5k
lots of strong moves do we break bigly up soon?
March 15, 2024, 03:22:43 PM
march 14th
73.7k
68.5k
march 15th
72.4k
65.5k
70.5k
lots of strong moves do we break bigly up soon?
73.7k
68.5k
march 15th
72.4k
65.5k
70.5k
lots of strong moves do we break bigly up soon?
It's hard to predict if there will be a big break , the market today was quite unpredictable but I think we are still maintaining the 65 ~70 margin, I think we wouldn't be having a very long dip resistance even if there's any long price correction .
March 15, 2024, 03:12:39 PM
march 14th
73.7k
68.5k
march 15th
72.4k
65.5k
70.5k
lots of strong moves do we break bigly up soon?
73.7k
68.5k
march 15th
72.4k
65.5k
70.5k
lots of strong moves do we break bigly up soon?
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