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GM fam
Happy Thirsty Thursday! The market is still crazy, BTC flirting with the big, bad, $100k! Personally, I don't think we hit it today, but IF we do, I think it actually plows through instead. Why?
Well, there's going to be a LOT of people trying to set limit orders in the $99k's thinking it'll reject and correct; there will also be a lot of people trying to open short positions in that range. I think the market would punish those people and we fly to like $110k or something wrecking the short sellers.
That said, I don't think that happens, I expect we range a bit and probably have a correction soon, possibly back into the $80k's before we inevitably break $100k in the near future. Just my 2 sats though.
Let's have a great day! š ā ā ā 30 replies
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