What's up with the LHC talk?
I thought it restarted more than 2 years ago.
I don't know what is LHC talk or what it has to do with this thread.
Is it a shitcoin? aka a crypto?
There has been a lot of talk about the Bitcoin trend, but I am clear, good movements are taking place, I found this on the web and I find it interesting:
Bitcoin Leveraged Positions Building Up: BTC To $50,000 Or $60,000?Amid this development, one on-chain analyst notes that there has been a massive accumulation of leveraged positions from March 2024. Though it remains uncertain which direction prices will move, the current state of affairs means sellers have the upper hand.
Original source:https://www.newsbtc.com/bitcoin-news/bitcoin-leveraged-positions-building-up-btc-to-50000-or-60000/Everything indicates indecision, in the article they see the panorama only with a bearish market, but I am more of the opinion that due to the movement of the old wallet that moved more than $8 million in bitcoin and due to the recovery above $56k, I want to think positive.
Bearish or bullish? For me bullish for these two movements, going over #$60k, according to other analyses they say that if it reaches $&6k again and exceeds it, the ceiling will be at $72k, if the negative panorama passes, it goes down, because there is no other option: Buy.
Sounds like gobble-dee-gook to me... especially the part about if we are not going up, then therefore odds are greater that we are going to go down.. maybe wishful thinking and sure maybe there is some kind of a correction to wipe out leveraged longs prior to going up, yet I doubt that there is any kinds of necessity that BTC prices have to go down before up, even if there appears to be incentives to try to wipe out the leveraged longs prior to going up.
The other part about $72k being a ceiling.. sure yeah great, it is possible that $72k is a ceiling and continues to serve as a ceiling, until it doesn't.. so observing $72k as a supposed ceiling seems like a big so what.. and a big have fun staying poor if you are failing/refusing to prepare for UP because you consider $72k as some kind of a meaningful ceiling.
