@KillaXBT you will wait till august to accumulate ? what if the price is 100k until then, you start to accumulate at 100k per bitcoin ? and you'd miss the 60-100k area ?
@markchadwickx Still long way to go, we need to see btc at ath first, interest in alts is almost dead at the moment from retail, look at the dominance ripping higher, to have an alt season we need rates to go down eventhough i dont think were gonna see an alt season like jn 2022.
@KillaXBT on a macro and micro level things are different now, a new fed chairman is coming, the adoption for crypto is way different from the past cycles, clarity act may pass this year also so i think all stuff is aligned for btc to go up in the upcoming months unless something changed.
@KillaXBT from a technical perspective its a clear trade, moving with the trend (downtrend + resistance + bearish pattern) but from a fundamental perspective i think we bottomed, some analysts are comparing cycles, comparing this bear market to the 2022
@KillaXBT we have a deal in iran soon, oil prices will go down, inflation will go down, so my question is whats the catalyst for going down to 50k, what is the bear case for us to go down
@KillaXBT in 2022 we had inflation at 9%, a start of a rate hikes and tightening monetary policy, ftx and terra luna collapse, in this bear market its a totally different environment, we have rate cuts, end of tightening, gdp is good, consumer spending still great, earnings good, Ai boom