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Home»Web 3»Bitcoin is pumping! (But could this just be the lull before the collapse?)
Web 3

Bitcoin is pumping! (But could this just be the lull before the collapse?)

2024-02-09No Comments1 Min Read
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TL; DR

Full story

Are you team ‘Collapse n’ Rebuild’ or team ‘Skyrocket’?

Confused by the question? The same.

This is what we’re talking about:

Right now there are two schools of thought on where Bitcoin will go in the coming months.

One side points to the fact that historically we tend to see a price drop at this point in the cycle, before reaching new all-time highs.

The other side claims that this time is different because we now have Bitcoin ETFs, which are sucking in BTC day after day (essentially stabilizing the price).

Now, here’s the cool part…

None of this matters.

Both are great results in their own right:

  1. If the price drops before it starts, that’s a buying opportunity.

  2. If the price goes straight to record highs from here, we’ll all make a lot of money.

That said, if you want to debate this win-win situation in real time, the conversation/argument seems to live on this X/Twitter post.



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See also  Bitcoin is in Wyckoff - distribution - Time for Altcoins to shine?
Bitcoin Collapse lull Pumping
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Cardano (ADA) founder Charles Hoskinson makes strong statements during a big decline

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XRP Price Drops to Four-Month Low: Charts Indicate Signal Selling, On-Chain Data Turns Bearish

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