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re: Official CryptoTalk Thread
Posted on 3/16/24 at 9:49 pm to Hateradedrink
Posted on 3/16/24 at 9:49 pm to Hateradedrink
quote:
Btc could drop to 50k and it wouldn’t invalidate the bull signals from a TA aspect
I think we'll continue seeing some dips, sideways action, repeat, down potentially into that $50-60k range like you mentioned. Then see some accumulation in those ranges and get ready for that next leg up. Cooling down for a bit to let the market catch its breath and recalibrate only helps us in the long run. I wish I would have realized that back in 2017
This post was edited on 3/16/24 at 9:50 pm
Posted on 3/17/24 at 12:01 pm to TRUERockyTop
Read on Twitter that the dip was caused by an institution shorting microstrategy with $1billion and buying $1billion in BTC. They ended up having to sell the BTC to cover the short, or something like that. That then lead to btc long liquidations.
something to that extent
something to that extent
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