Hi hope that everyone is doing well here. Bitcoin is out of danger for now. Saw this really interesting tweet by REKT CAPITAL
It is interesting to see how human phycology is. When Bitcoin was getting up so high, everyone was hyped up and wished it had been much lower. Now it's already below 50k, and even below 40k, many people are in a lot of pain. I do wonder, how many people actually bought at 64k. I guess, the pain is just real. Bulls are still here, just waiting. Bears are also here, waiting too. Being a bear is much more scarier than being a bull. Shorting when we do not know if Bitcoin could suddenly just reverse back up and there is no limit at where BTC could stop. Liquidation.
Bitcoin is currently making trying to break key resistance level in an ascending triangle structure. I wonder if BTC is able to break through that particular resistance. It's like stalking prey waiting for the right time. I think both sides - the bears and bulls are just waiting. COLD WAR.
A week from now Micheal Saylor is going to buy 500 million USD worth of BTC at its current price. Imagine if he starts to find another CEO to start investing into BTC, and that person puts another couple of million into it, what's going to happen. Ethereum is going to have its London Hard Fork coming soon. July could be a huge month. Let's see what happens by then.
I just sold a bunch. But I will get back into it.
Yea. Cause the death cross might be here... so we have to be cautious sometimes.. =)
Yay! 🤗
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