Donald Trump & Bitcoin: I am usually questioning Peter Schiff daily. Not Today!
The Presidents posts were absolutely fine if it was just the Post. If there was Insider Trading involved it was not acceptable!
$BTC – Every consolidation range in this cycle has followed the same psychological pattern: skepticism, fear, anxiety and impatience.
First, it was considered a Bear Market Rally.
Then, the ETF launch was "sell the news," with everyone calling for a 30K retest.
At 49K, many were convinced the cycle top was in, as fears of a potential recession emerged on 5th of August.
Now, this range is considered a distribution phase, despite $BTC.D holding strong and no significant liquidity outflows into alts.
Look deeper, and the pattern becomes clear. Every range has been marked by spot accumulation, downside deviations, and leveraged longs getting flushed.
True distribution happens when the deviations shift upward, shorts get squeezed relentlessly, and euphoria takes over, while there are massive Liquidity-Outflows and the long-awaited Altseason finally takes places, right after everyone already capitulated on altcoins.
When that moment comes, everyone will believe it’s just another consolidation before the next leg up, they'll believe that a Soft-Landing will actually come and they'll believe in the "Supercycle" narrative, and that’s when the real top will form.
Mark this post and let's see how it ages. 👀