tldr; Bitcoin is consolidating near $119,000 after reaching a new all-time high of $123,000. Analyst Chairman Lee highlights $116,400 as a key support level, with a breakdown potentially leading to $110,000. However, holding above $116,000 could pave the way for a push toward $124,000–$130,000. Long-term accumulation trends and strong institutional inflows, including $50 billion YTD into Bitcoin investment products, support a bullish outlook. If Bitcoin defends $110,000, it could still aim for a $180,000 year-end target despite mixed on-chain signals.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Externals222 on
Selling now to buy back at 110k
acorcuera on
So bearish.
skyvina on
into the blight
NoSkidMarks on
In other words, Bitcoin enthusiasts continue to boast about recent price gains while encouraging continued investment to fuel future price gains. Always focused on the price, never talk about how Bitcoin compares with far cheaper digital assets.
The only reason to invest in a digital asset is when you have good reason to believe it will be popular with consumers once all barriers to adoption are eliminated. But, for years now, people have discovered many reasons to avoid Bitcoin like the plague.
So one of two things is going to happen. Adoption will destroy a trillion $ in wealth, or we’ll never see adoption because everyone invested in Bitcoin will never let it happen. The rich have never supported free markets, no reason to believe they’ll start now.
t0astter on
Feels like we’re nearing the top. I remember this exact same scenario playing out last bull run. All these analysts calling for crazy BTC targets and then a crash happens out of nowhere. BTC has already 2x’d its previous ATH.
Leave A Reply
Du musst angemeldet sein, um einen Kommentar abzugeben.
6 Kommentare
tldr; Bitcoin is consolidating near $119,000 after reaching a new all-time high of $123,000. Analyst Chairman Lee highlights $116,400 as a key support level, with a breakdown potentially leading to $110,000. However, holding above $116,000 could pave the way for a push toward $124,000–$130,000. Long-term accumulation trends and strong institutional inflows, including $50 billion YTD into Bitcoin investment products, support a bullish outlook. If Bitcoin defends $110,000, it could still aim for a $180,000 year-end target despite mixed on-chain signals.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Selling now to buy back at 110k
So bearish.
into the blight
In other words, Bitcoin enthusiasts continue to boast about recent price gains while encouraging continued investment to fuel future price gains. Always focused on the price, never talk about how Bitcoin compares with far cheaper digital assets.
The only reason to invest in a digital asset is when you have good reason to believe it will be popular with consumers once all barriers to adoption are eliminated. But, for years now, people have discovered many reasons to avoid Bitcoin like the plague.
So one of two things is going to happen. Adoption will destroy a trillion $ in wealth, or we’ll never see adoption because everyone invested in Bitcoin will never let it happen. The rich have never supported free markets, no reason to believe they’ll start now.
Feels like we’re nearing the top. I remember this exact same scenario playing out last bull run. All these analysts calling for crazy BTC targets and then a crash happens out of nowhere. BTC has already 2x’d its previous ATH.