Why are people on twitter saying $81,000 per BTC is "overbought" and we should drop down to 60 ? We're literally almost 50k below the ATH while a handful of companies are purchasing 6x the amount of BTC mined each day. Make it make sense. We should be above 150k easily by now
It's weird because bitcoin's price is supposed to go UP after we get higher than expected inflation. If inflation goes up it means the dollar is worth less than before and therefore Bitcoin becomes stronger.