@tonythebullBTC Yeah, I agree that the bottom will be in when BTC fills the CME gap. It also coincides to BTC's standard 30% correction. Maybe, it's best that we chill for a while whilst BTC is doing it's own thing
@ZssBecker I agree bro. When the smart money from institution trickle down to the top 100 coins, all those memes will be decimated. Memes are good but only for short term trade only. Only the winning memes of each chain and utility coins will thrive when the real bull run starts.
@ZssBecker You might want to check $HOPPY bro ($80M market cap). It is currently on a consolidation period. It's community is cultish as f. It might be the next $PEPE.
Bitcoin hovers around $89k whilst a head and shoulders pattern on the USDT dominance chart forms. Time will tell if there will be a candle print below the 6 - year USDT dominance uptrend support. Something nasty is cookin' π€
#Bitcoin#cryptobullrun#Altseason#cryptocurrency
You need to stop asking why $MSTR is valued in fiat terms more than its BTC is currently worth, and start asking why the market thinks six companies could be worth ~15X all the money in the world - despite owning none of it?
The point is that fiat valuations are not rational. The equation is not balanced.
Saylor is using the irrational market value of fiat today to buy a commodity whose future value is 1000x more than the market is currently valuing it at.
He is using the fiat system in effect to print money to buy Bitcoin, and as such $MSTR is forcing the market to begin pricing the collapse of the dollar into the valuation of its stock.
Momentum building up for $BTC. Will we be able to see another all time high and price exploration in the next few weeks?
#Bitcoin#Bullrun2024#cryptobullrun