this is my current outlook on
BTCUSD
the entire crypto market has anticipated the CME & CBOE Bitcoin futures release to death. remember the old adage “buy the rumor, sell the news”? it is a steadfast rule for a reason. the bigger, more experienced players see all the new money that just got into Bitcoin and are seeing dollar signs. mass market shakeouts are a regular occurrence in volatile markets such as Bitcoin, and it is not different this time. fresh weak hands will be taught a lesson, as has occurred every time there was a big wave of new money in crypto.
I could be wrong, but everything I am seeing in the media and in various crypto discussion places suggests that we have reached the “new paradigm” phase of this bubble cycle for Bitcoin.
remember: it is not different this time. it never is.
BTCUSD
the entire crypto market has anticipated the CME & CBOE Bitcoin futures release to death. remember the old adage “buy the rumor, sell the news”? it is a steadfast rule for a reason. the bigger, more experienced players see all the new money that just got into Bitcoin and are seeing dollar signs. mass market shakeouts are a regular occurrence in volatile markets such as Bitcoin, and it is not different this time. fresh weak hands will be taught a lesson, as has occurred every time there was a big wave of new money in crypto.
I could be wrong, but everything I am seeing in the media and in various crypto discussion places suggests that we have reached the “new paradigm” phase of this bubble cycle for Bitcoin.
remember: it is not different this time. it never is.