Bitcoin Price Thread
- Thread starter Magna
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I Thought of 20K to be accumulation or atleast the closure of short positions. Then the FTX fiasco pushed us lower.
Though if correct, once we bottom, the 20k should be regained with ease.
I still thin the absolute mayhem is ahead at some point when the stock indices crash for real, but i don't know when that will be. So i wouldn't bet too big on BTC in case we just went "down only"
Infamous Kylie Davis from now-defunct 3 Arrow Capital said "Few more liquidations, then up only"
3AC has been flushed out, FTX has been flushed out... A lot of players have been washed out. I hope so for one of those short squeezes from 14k -> 55k$.... But that might also be pure delusion
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I Thought of 20K to be accumulation or atleast the closure of short positions. Then the FTX fiasco pushed us lower.
Though if correct, once we bottom, the 20k should be regained with ease.
I still thin the absolute mayhem is ahead at some point when the stock indices crash for real, but i don't know when that will be. So i wouldn't bet too big on BTC in case we just went "down only"
Infamous Kylie Davis from now-defunct 3 Arrow Capital said "Few more liquidations, then up only"
3AC has been flushed out, FTX has been flushed out... A lot of players have been washed out. I hope so for one of those short squeezes from 14k -> 55k$.... But that might also be pure delusion
Some I know who are hedge funders are saying $7k-10k, maybe lower but depends on 'what next', they shorted the high at 20k down to 10k some years back, something along the lines of regulation is the destroyer of innovation, the central banks need as much capital as they can get, I just looked at the numbers and supports 9k with a fat tail down at 6k, that one would target with a vengeance.
Would you show that on a chart?