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Bitcoin top already reached?

Do you think it is possible that we have already reached the Bitcoin top and are now moving sideways for the time being?

$BTC (-0,2 %)

13 Comentarios

Stefan21@stefan_21

The cycle has not yet come to an end. It is perfectly normal to take a short breather after such explosive rises.
There is currently some panic in the market again because the 80k whale has apparently started to sell.
But OTC, i.e. past the market.

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income_expert_2387@leon45667

@stefan_21 Where do you see the Bitcoin USD top before we go back into a longer bear market?

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Stefan21@stefan_21

@leon45667 I think 150-180k. I am unsure whether we will see another long, deep bear market in Bitcoin. It depends on how much we exaggerate on the upside. The rise so far has been very healthy. We have always had months of sideways phases, which will then also serve as support when things go down. So I personally no longer believe in a -70/80% - as things stand now :)

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Ph1l1pp@Ph1l1pp

@stefan_21 and yet OTC sales, especially pre-CPI, influence the BTC price.

40k BTC have already been sent to Galaxy Digital, of which around 24k are still in their possession - i.e. a portion has already been sold and absorbed.

Another 40k BTC are still sitting around (it is currently unlikely that they will be sold)

higher.

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Stefan21@stefan_21

@Ph1l1pp of course. The mere fact that 40k Bitcoin is being sold is causing the price to fall because some people are panicking again.

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D.S.@Cato_Bamboo

Yes, definitely 👍 Correction has started.....(no investment advice)

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Ph1l1pp@Ph1l1pp

@Cato_Bamboo you have saved us!

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D.S.@Cato_Bamboo

@Ph1l1pp Always happy to help 😉

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Peter G.@Peter69

Yep, the air is out, but altcoins like Pyth Network (PYTH) have really great upside potential :) Source: trust me bro

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Ph1l1pp@Ph1l1pp

@Peter69 you are aware that your statement is very contrary (as alts are simply lev. beta of BTC) and you are titling a shitcoin with a lot of upside potential 😭

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Stefan21@stefan_21

@Peter69 Sure, because when Bitcoin falls, altcoins always perform so strongly :D

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jkbsmn92@jkbsmn92

@Ph1l1pp you seem to have no sense of irony :)

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Dirty30@Dirty30

In purely chronological terms, the cycle top is not until the first week of October. What also speaks against a current top is the daily RSI, which has not even developed bearish divergences and is not even overbought.

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