$42,000 not bad I guess. Nothing feels like we’re going anywhere other than ranging until we break $46,000 though imo. We’ve been stuck under $46,000 for a long time now, I’d like to see it broken convincingly before I convince myself we’re out of this mini bearish stage.
It's very interesting that with the passage of time, we might be considering something like $46k to $48k to be a kind of BTC price area that is interesting in terms of how long it is going to take to get above such area.. and even symbolically, we have this whole calendar year in which we barely reached into the lower $48ks in the first few days of the year, which also includes the last time that we were at $46k because that was about a drop on January 3.. ... and thereby even a couple of attempts to get back to $46k did not quite make it... so, even if we reach that $46k-ish to $48k-ish price, there may be a need to get above both of them in order to experience a kind of solid "calendar year" ATH.. and as many of us may well realize if we can achieve the conversion of resistance into becoming a kind of floor.. then we may be able to rest assured (with a bit more confidence) that our $32,951 bottom is in.
Not a question of if, but when.. and jesus.. 2.5 months of consolidation (within what seems to be a bull market) should be enough.. that is if any of us are still leaning a bit more towards bull than bear....
not easy to be a bull-leaner in these kinds of times.
not easy to maintain any kind of strong confidence that the market has not yet converted to bear.
not easy to look at all the strange-ass happenings in the world and considering whether BTC prices might not hold up.. and might we end up getting some kind of liquidation event copy-cat that resembles the March 2020 liquidation event... can the world/economy tolerate two of those kinds of liquidation events so close together without going into melt down. For sure we can recognize and appreciate various macro-economic factors that seem to be holding on a thread of a string... but will our buddy - king daddy fare relatively well in these times? By the way, the outrageousness of various aspect of US Govt (and the Canadian freezing too) behaviors in recent times, has caused me some contemplations in pulling some of my assets out of some of the monies that are in some of those traditional systems (401k-like investments) because they have a lot of value, and I have quite a lot of confidence that those values are likely to continue to bleed.. but they are also subjected to various kinds of desperation of US Govt to come up with more excuses to steal the value from more and more normies.. just for no reason except that they can and that they are desperate.. Are they going to give the money back to the Ruskies or not?
Even if the Ruskies agree to be good boys and girls, to stop lobbing bombs (in the short-term), are the US controlled financial institutions going to give the money back to the ruskies.. how many years might it take?? Such extreme freezing should not have happened in the first place because it both shows the level of desperation of the US Govt but also has a lot of undermining implications, even if the Ruskies might have deserved it... deservingness is not the point... but lots of loss of confidence.. and is there any potentially reasonably place to hide besides bitcoin..? and even with bitcoin there is a need to do it right.. to have some kind of plausible deniability.. separateness, kind of like the olden days stashes of cash under the mattress (but hopefully holds value better) and do any of us have those attributes of bearer-assetness with any of the items within our stashes
(our bug-out bags)?
seems like I am devolving into potential stream-of-consciousness off-topicness
(I'm doing a cAPSLOCK.. hAHAHAHAHAHA).. will pause for now.
Poll
