2Settimana
I could imagine that on Monday - unless the situation improves - it will go down a few percent again. The stock market had already virtually closed and, at least as far as Bitcoin is concerned, the institutions haven't had the opportunity to sell their ETFs yet :)
Following this, I believe in a quick V-shaped recovery and new highs - as is often the case in such political situations.
Of course, it could also be the beginning of a bear market - but I think that's unlikely at the moment :)
Following this, I believe in a quick V-shaped recovery and new highs - as is often the case in such political situations.
Of course, it could also be the beginning of a bear market - but I think that's unlikely at the moment :)
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2Settimana
@stefan_21 That sounds plausible. May you be right. Btw, it hurts to see the strong correlation between stocks and Bitcoin.
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•2Settimana
@Iwamoto That's true :) but this shows once again that Bitcoin is still seen as a risk-on asset by the masses wird🤷♂️
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2Settimana
@stefan_21
I think earnings could also determine the future direction.
I think earnings could also determine the future direction.
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@stefan_21 I partly agree with you. We may see a continued bounce up, bulls will step in and long like crazy calling "moon", and then whales will step in and eat up retail.
I don't think we'll see another ATH in the short term. I think Bear market structures are here.
I don't think we'll see another ATH in the short term. I think Bear market structures are here.
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•@flush_hatch Correction yes - but I don't see a real bear market. There isn't enough exaggerated parabolic movement for that.
If the “bear market” starts now, I'm pretty sure it will be a mild one. I don't see a drawdown of more than 40-50% at the moment.
If the “bear market” starts now, I'm pretty sure it will be a mild one. I don't see a drawdown of more than 40-50% at the moment.
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