The cryptocurrency market experienced a significant pullback today, driven primarily by a cascade of liquidations of highly leveraged long positions, macroeconomic pressures, and resistance at key technical levels
BREAKING: Ethereum just reclaimed $2,600 for the first time in 7 months.
Bitcoin surged above $79,000, up $3,200 in last 90 minutes.
$127 billion has been added to the crypto market in the last 90 minutes after US Core CPI fell to its lowest level in over 5 years.
BREAKING: 🇺🇸 A new Republican CLARITY Act draft has emerged in the Senate.
There are 100+ changes including new DeFi provisions and a fix addressing credit union concerns.
TIME TO PASS IT NOW!
@KK450309 This is what I originally wanted to express – we don't seek the most perfect price; as long as it's within a reasonable range over the period, there's no fundamental difference in the long run
I believe that in every cycle, there are people trying to time the exact market bottom, just as there are those who miss out on opportunities while waiting for lower prices. When you look at a 5-10 year long-term vision, there is no difference between $45,000 and $60,000
$BTC bottomed after 87% dump in 2015.
Bitcoin bottomed after 84% dump in 2018.
BTC bottomed after 78% dump in 2022.
And people are now thinking we'll bottom after a 50% drop.
IMO, Bitcoin will have at least a 60%-65% dump this time before the bottom.
@KK450309 This is an interesting perspective; the 25-30k range is indeed a strong support zone favored by many technical analysts. However, the market often reverses suddenly when most people are waiting for lower prices