1Anno·

Thanks to everyone who voted!

The USD 100k mark could not be $BTC (+0,35%) yesterday, even though it was very close and the ATH was reached in EUR.

Congratulations to the 25% who saw this! Once again, the minority was right. 🥰

We'll see if the magic mark is broken next week. The chances are good. ✨

Epi

@Epi

1Anno·

What do you think?

Will it crack $BTC (+0,35%) the magic 100k USD mark today?

16 Commenti

Dennis@GordonGekko83

1Anno

If then now at the WE. But I think this is the end of the line for now. The big regrouping will begin. I therefore think that the selling pressure in $BTC will now steadily increase if large investors do not take over the units.

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Epi@Epi

1Anno

@GordonGekko83 Why do you think that the end has now been reached and the major investors will not take over the units? Is it just a gut feeling or are there clear indicators?

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0xBerndBuffet@0xBerndBuffet

1Anno

@Epi He only said that he thinks it will go sideways for the time being because many retailers are taking profits and shifting into shares or cash, for example. That scenario is not unlikely either. I also think it is better to think in scenarios than to blindly trust any indicators.

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Jan@leveragegrinding

1Anno

@Epi there have been a few posts here recently about the indicators + if institutions buy at 100k they would be pretty stupid. With the volume they are playing with, a limit order at 70k makes much more sense, it will come back.

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Dennis@GordonGekko83

1Anno

@0xBerndBuffet meant exactly that! Thank you for the detailed explanation!

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Dennis@GordonGekko83

1Anno

@leveragegrinding That's how I see it too, I think the institutions will push the market down again. How far is another question, but I also believe that the 70-80k range will be targeted.

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Epi@Epi

1Anno

@0xBerndBuffet I just asked why he thinks that "many retailers are taking profits first". Is there any evidence for this or is it pure speculation?

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0xBerndBuffet@0xBerndBuffet

1Anno

@Epi Just take a look at the wallet distribution. Well over 90% of Bitcoin holders don't even have a Bitcoin. https://bitinfocharts.com/de/top-100-richest-bitcoin-addresses.html Even in the top 10, there are still wallets from private individuals, such as Satoshi Nakamoto and the Winklevoss twins. CZs and Tim Draper private wallets are also among them.

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Epi@Epi

1Anno

@0xBerndBuffet Thanks for the link. It is clear that a lot of retail has just flowed into the market due to momentum. But why should that be a sign of profit-taking? Retail is not the same as profit-taking.

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0xBerndBuffet@0xBerndBuffet

1Anno

@Epi It has been mentioned that this is a possible scenario. There are certainly people who take their chips off the table after 100% gain. That it will go down again is as certain as the poor in the church. Nobody says that the momentum of the market often corrects after such rallies. But I have also seen Bitcoin fall from 60k to 9k.

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Epi@Epi

1Anno

@0xBerndBuffet Let me put it this way: I basically agree with you that BTC should consolidate the last run first. But it's just my intuition and it's often wrong. That's why I'm asking about the reasons for your assessment. You probably know the BTC market much better than I do. I'm just a trend follower. 😇

Do you think BTC will go back to 50k? Personally, I doubt it because of the high ETF holdings. But back to the breakout level at 70k? Possibly.

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Epi@Epi

1Anno

@Seebi Thank you, ChatGPT!

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Epi@Epi

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@Seebi Thank you, SebiGPT 😁

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