Hey guys,
This recent bearish price action is mainly drived by short term speculators selling their Bitcoin after the "sell the news" event of the approved ETF. I have not researched anything else but I think it's obvious that some whales are manipulating the price to accumulate cheap Bitcoin.
100 days until Bitcoin halving
This is all that matters, every 10 minutes a block is mined that is getting us closer to the supply shock that drives price. Scarcity drives price in Bitcoin. It's as simple as that, just simple math.
Everything else is noise
Take some days off crypto twitter if you can't handle this swings in price.
2024 will be an amazing year, full of volatility, and we love volatility! That's why we are able to make life changing money.
Embrace volatility
Volatility is the reason we are able to change our lives, don't get mad when volatility goes at the other side of your position. It's just the process.
Posted Using InLeo Alpha