- Nov 16, 2011
- 18,413
- 10,577
4.3 % up in last one hour. So are we going to see all time high again soon?
Bitcoin strong comeback
- Thread starter awesomewebsites
- Start date
4.3% is nowhere near ' strong' when it's down almost 33% in the past 7 days.
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- Mar 22, 2010
- 3,128
- 2,171
The point is 20000 was broken with no hesitation, so it is not a solid support as some (including me) could have thought. So we may hover around 18-20k or even higher, but without support (in other words, big standing buying orders), nothing will be stopping the market to go lower.
As big idiot corporate buyers (including investment firms) who bought at 30k and higher are licking their wounds, they will not come to the rescue this time, only much lower 10-12k.
Not to mention the Elon Musk fiasco of late!
As big idiot corporate buyers (including investment firms) who bought at 30k and higher are licking their wounds, they will not come to the rescue this time, only much lower 10-12k.
Not to mention the Elon Musk fiasco of late!
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- Apr 4, 2014
- 5,743
- 4,278
"grasp at straws" comes to mind.
Taylorbcrypto
Newbie
- Mar 6, 2022
- 31
- 11
I think we will see 11K before we see another ATH (check Richard Heart on twitter he explains it well). Follow the cycles... ATH will likely be around next Bitcoin halving event in 2024.
AlexanderTheGreat
Power Member
- Jan 23, 2021
- 725
- 1,348
- Nov 29, 2008
- 9,209
- 4,789
Not enough demand to keep the bounce
Not enough RETAIL investors to soak up what the big players/smart money are DUMPING
Remember, there are BILLIONS worth of BTC that entered EXCHANGES recently
It's doesn't take an Einstein to figure this one out... considering the FED did NOT say they are DONE with interest rate hikes
Not enough RETAIL investors to soak up what the big players/smart money are DUMPING
Remember, there are BILLIONS worth of BTC that entered EXCHANGES recently
It's doesn't take an Einstein to figure this one out... considering the FED did NOT say they are DONE with interest rate hikes
- Nov 16, 2011
- 18,413
- 10,577
This will not happen now ever.
- Dec 29, 2012
- 7,216
- 35,850
- Nov 16, 2011
- 18,413
- 10,577
People are buying at the moment. Where are you checking?
Thinkglobal
Junior Member
- May 26, 2022
- 128
- 20
Yes but too slow, in a year probably
- Aug 3, 2010
- 2,629
- 1,362
Yes... soon in 2years+
TomTheCat
Elite Member
- Oct 27, 2019
- 2,372
- 2,763
Code:
https://www.binance.com/en/trade/BTC_USDT?theme=dark&type=spotAs you can see, more people are selling than buying, at this price range. Of course, there are fake orders there too, but even then, there are a lot who are selling at this range.
- Jun 13, 2022
- 246
- 117
I just love your optimism
