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/biz/ - Business & Finance

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57255478 No.57255478 [Reply] [Original]

After all dust settled down at the end of the day the chart feels like we are getting ready to take off to attack 50k. Smart TA anons?

>> No.57255486
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57255486

>>57255478
Ready to bust

>> No.57255489

>>57255478
38k

>> No.57255507
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57255507

>>57255478
>double giga rejection wicks from 47k
>news that was front runned for 3 months just dropped
>everyone bullish as fuck
it would be miracle if it went sideways and didnt retrace

>> No.57255523

>>57255489
>>57255507
in 2 more weeks I'm sure this time the news will be sold

>> No.57255527
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57255527

>>57255478
We need to break above this trend line fr though.

>> No.57255533

Honestly since bitcoin is a stock now you should be more worried about CPI and the S&P

>> No.57255547

>>57255523
>this time
it happens every cycle pre halving, you get a profit taking selloff

>> No.57255584

>>57255547
it happened with the covid bullshit last time so its all cycle bros, i didnt boughted in yet so IT MUST GO DOWN!!!!!!!!!!1

>> No.57256020

>>57255584
> i didnt boughted in yet
Any valid excuses for this? Other than '10k is programmed' or 'it always goes down'?

>> No.57256390

>>57255584
its like you dont know what "every" means

>> No.57256491

>>57255507
The news wasn't

>this product will receive a major improvement in 3 months

It was

>this asset class will become available to institutions like banks and pension funds

While it is true that the markets will compensate for near certain improvements in the product or service of a company well before said changes take place, it does not apply here. The markets couldn't possibly compensate for billions in incoming liquidity, because it's simply not here yet.

Right now what matters is how eager these institutions are to hold BTC on their balance sheets.