Analysis
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Good luck!
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Good luck!
Note
You'll have to bet on either one this month.Note
In conclusion, there is another tremendous upward cycle waiting for both scenarios.Note
Due to events such as the launch of Bitcoin ETFs, the Bitcoin halving, upcoming interest rate hikes, the Mt. Gox situation, and panic selling in the stock market, Bitcoin has undergone a prolonged correction over the past seven months. During this period, it has repeatedly broken through previous cycle highs, only to fall back down again. In this environment, very few people are making significant profits and exiting the market. In fact, to bring this game to an end, everyone may have to accept some level of loss, as most have not seen substantial gains.Note
The one clear thing is that, in every Bitcoin cycle, there have been signs of large whales recognizing the bubble and exiting the market, triggering a collapse. However, this time, we haven't seen any such signals yet. It seems they intend to keep the game going for a while longer.Note
During the recent fake stock market crash, the large whales absorbed all the panic-sold assets from individual investors and pushed the market back up. They are still closely monitoring the situation, and if prices drop again, they will likely lift them once more to keep the game going. In this structure, they are destined to win. Even though they may not want the Bitcoin bull cycle to continue indefinitely, whenever individual investors panic and sell, they step in to stabilize the market and watch how things unfold.Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.