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re: Official CryptoTalk Thread

Posted on 3/16/24 at 9:49 pm to
Posted by TRUERockyTop
Appalachia
Member since Sep 2011
15969 posts
Posted on 3/16/24 at 9:49 pm to
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 by umrebel2009
Member since Feb 2010
7304 posts
Posted on 3/17/24 at 12:01 pm to
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
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