Everytime there is a special date, or a date which something bullish will happen for Crypto that's when the whales sell part of their bags so they can sell to the hype of the people.
Whales sell the news, retail buy the news.
The bullish news are usually good for mid term but bad for short term.
Examples:
Coinbase IPO listing (14th April) price was at 64k, whales sold.
El Salvador making BTC legal tender (7th September) price was at 53k, whales sold.
The more known or the more mainstream this kind of pattern gets, the less it will happen.
The next bullish date could be Bitcoin ETF approval (probably 18th October 2021)
Please don't buy when there is bullish dates or hype around social media.
Whales sell the news, retail buy the news.
The bullish news are usually good for mid term but bad for short term.
Examples:
Coinbase IPO listing (14th April) price was at 64k, whales sold.
El Salvador making BTC legal tender (7th September) price was at 53k, whales sold.
The more known or the more mainstream this kind of pattern gets, the less it will happen.
The next bullish date could be Bitcoin ETF approval (probably 18th October 2021)
Please don't buy when there is bullish dates or hype around social media.