The shorter time frames look a bit more negative but this view shows we have broken above and maintained the 50 day moving average.   Going back a year or so this measure of momentum marked the lows for the highest prices and BTC did well when trending above 50 daily average.

Exchanges are not the only place to put BTC, a ton of BTC is circulated on gambling sites and I bet some use nothing else but that process back and forth to cashing out or vice versa.    We probably have to count the overall trend not just exchanges but its some indication towards momentum and growth.

A reset is normal, whats bigger then that is moves in the dollar index which did rally late last week.   However, much bigger picture on the Dollar value long term is we see decline.  This prediction can be wrong but right now the recent rally in dollar is a small movement compared to the tide going out on it, we cant know for sure that happens but the sell off in BTC is just normal profit taking for now.

Its real that the debts outweigh the available assets, only by issuing a continual stream of new money do the books then balance.    It doesnt have to collapse but its precarious to have constant deficits both fiscally and also trade deficits ongoing for years into decades.   Every citizen of the USA now owes over 70k towards the national debt if all debts were called in.   That isnt possible normally as some of these bonds are not due for 20 years but still its not fantasy situation but a reality and the end result is continual dollar devaluation.

Its looking more negative then I realized, I thought we remained in range but just towards the bottom of higher recent pricing.   We are actually through the ice with that range overhead now as potential resistance.   We will have to see how monday goes but Sunday of course is the end of the weekly bar and its looking negative in its formation, quite bearish.  
  Im still more positive then within the downtrend but its disappointing we have not held the range, it has now failed along with various moving averages.  This all suggests we have stalled and must reset to a lower price.

This is why regular investing or buying is more positive then people who try to second guess the market.  We broke the downtrend from the ATH so thats about as clear a signal you can receive to get back involved as the regular pace of falls are no longer there.    Regular rather then one off purchase of BTC a regular sustained interest and buy can mean you get a lower buy in price even if you do not immediately capture an ascending price. 
   BTC is far longer term then most people realize, even those who follow BTC for years can miss that the real trends that transform prices are monthly and yearly not these adjusted trading dynamic sell offs.

Some people subscribe to the absolute theory in that there is always an ultimate bottom price to every move and every other price should be discounted as temporary until that final most negative price occurs.
   I just dont think thats the best way to be when we have no fixed pricing in the denominator to this price, which is the Dollar.   I would say the recent low was very close to the final sell off type low and also inversely I dont believe the Dollar has much more to gain vs other assets especially those with less supply and greater demand in usage.

45 BTC for one day is quite surprising, I thought it was weekly or monthly or something.  There is a guy on twitch who drives a Bentley and used to spend six figures just playing and paying for in game items just totally virtual designs to fit onto in game models.   The NFT craze and its prices is funny to me but its art and thats some peoples indulgence, its a valid economy I guess.  Also consider of the 45 BTC its not a straight spend they could walked out with more BTC, they are cycling the winnings obviously.   The ironic thing is you can buy art, virtual designs and obviously bet and make more money back then you spend though I never assume I win; however it will be part of why the figures showing are so massive.

  I got another golden ticket on the wheel spins, extraordinary luck just to get those from the relatively small amount of spins I have come my way.  If I win the Lambo I will retire my other equally nice car for the newer one :p  I hope the 1 ticket or single digit win phenomena carries onto be true of the golden tickets also

If dollar is devaluing then 100k is not too much, because the dollar of future years will be worth far less then the dollar value we have fixed in our heads.     Of course a paper currency can end up no value at all, its happened plenty of times.   It would be a shock for the central currency of the world but it is possible and its mostly what I expect though not in a linear way as every other paper currency also is attempting to devalue at a similar pace.
  In this context BTC is underestimated but I would extend that to technology in general; any invention which can manage to avoid the losses incurred by the common people is invaluable.

If we take metaverse as an extension of FB and how people import their whole lives, connections and photos etc. online then I suppose its feasible and so to every other activity such as gambling and gaming etc.   It has to be done with a minimum of hassle and in some way that enhances the experience, its already been said by big names that the headset is heavy and awkward.  Mostly its the cost which puts me off but we are talking cutting edge here and in the end it will develop if feasible which I would have to concede is quite possible.  
   The technology firepower is there for the background processing to make things quite interesting, we are just left with imagination and the work of builds these alternate visions.  Its possible but might take decades, VR was a thing in the 90's and I remember mid nineties being told all webpages would be VR and here we are.

Logan wont find anyone close to Tyson now or ever, that would be the point that was always a mystery as to how this fight could be real.  However we live in surreal times and anything is possible I guess though I thought it a bad move on Tyson's part mostly.

The best investment overall will be the one you would use at any price.   You dont need the market to give you a bid on your offer to sell because its a product you wanted at any price, most obvious is a house to me but overall to a country it can be food etc. each with its own varied dynamic to production and demand.
  It be can asset or product to some extent because people need many things, hence an economy is the circulated demand between all parties with varying comparative advantage to make or access those products, as per the economies laws laid down hundreds of years ago and still valid now.

Just a normal price retraction from my experience its not anything out of the ordinary especially.  Yes BTC is volatile and this is possible, to say this much while the 200 day average is still rising is a bit over reactive.   Price action remains bullish longer term, massive clue is we are greatly higher then pricing just 18 months ago and to stay this high for so long with higher volume is helping to confirm this range.

There is no best investment, BTC would be commodity speculation imo unless you have the ability to put it into usage and then its well arguable as investment.   Because so many of us are speculators on a very fast growing asset, the market price very often is volatile so to some people who require greater stability this would not be a good place to put (all) money due to risk and liquidity concerns.
   If you trade and like volatility then carry on but if thats true you dont need my opinion especially.   Most people should scale into BTC so they dont get so scared off and I think are more likely to learn rather guess or gamble.   Right now we appear bullish but its never so simple imo

40K is once again relevant, if we can keep that as support now it'd be quite bullish but overall its reasonable to expect a greater test then this.   We are above the general trend up from the bottom and the momentum of the weekly average but I would not assume we remain so without a test.   After we test down we should then be more able to resume upwards.
  Ideally its 43k we keep but 42k also would quite positive still.

Thunder just needs to accept skins for bets, easy revenue :p   still sad thats not a thing anymore.

Only easy game to bet is Spirit vs attax which should goto Spirit.   Not good odds though so multi that with a win for Endpoint over Enterprise but both teams are more closely ranked so needs some faith Endpoint does their job.
Dig Forze, Avangar Lions, I think 3 maps because of their prior history seems fair

Its not going straight to 100k, I dont fear this as I think markets are not primed to boom in any plain way like that.   Right this moment we are falling below the 2 day average, we have to check first if price action can stay above 43k and if not that then 40k might be the downside target for this month.   I dont know that will happen but its possible and I do expect challenges that cause net selling to appear.  100k could be 1 or 2 years away but still its very optimistic to have on the horizon even.

Forget crypto especially, just consider any free market system.   Do you really think anything Musk does is important overall, as a public figure with a big mouth sure I understand his visibility but is this really an important strut to your evaluation of BTC prospects.    The bigger question is dollar valuation vs greater population of BTC users, not one man not even one administration but what is the overall ongoing trend past present and future; the interplay in these factors give us a price long term.

2022 is consolidation is my expectation, half of this question could be placed on movement in dollar value.   If dollar were to bounce downwards in its channel to do the opposite of its recent peak then it will be a positive 2022 for BTC but still I would say the greater positive is beyond this year.   If we spend the next 12 months just revising our previous footsteps it wont be a negative just for being delayed and so far every indication given is the price action is well over prior cycles and so all volume here is positive in the very long term.

We are in range right now but generally when the price fails to move especially then some will sell, traders and speculators will cash out because often they are on leverage and have costs to take care of.   So long as we're above the weekly average it should be ok.  We are even above the 2 day average so immediately there is nothing that much to worry about it would seem.   


I think above 43k or above and we're ok and it appears we may not even retrace that much.   I wouldnt be too negative until its done more then just pause.