Here I am bearposting the lows.
But a longer note.
While I maintain that bitcoin has started it's new bull cycle, that doesn't exclude us from the possibility that wait szn might be extended.
Haven't sold anything, and have been adding slowly since we lost 80k.
The landscape has changed since October and we are now looking at a Black Huang event that may or may not get worse. Anthropic is also trying to rush their IPO to market. None of this feels great.
there's a universe where bitcoin ranges between 80s and high 60's for a while. I don't like it. Seems not fun.
A big part of my thesis has been reclaiming the 50W.
We lost that this week. It doesn't bode well, but on it's own not necessarily a deal breaker. Not the first time it's happened. (h/t @intangiblecoins )
It's still very early bull run, but the equities market may need to deal with it's own risk off mood. At least for the next few months while investors figure out how bad the new congress might be.
Now that we've gotten the peak doomer take out of the way.
We're still holding above the 200D SMA.
Bitcoin did fk all for the entirety of 2023. Maybe we do it again in 2027.
Retrograde ends soon. (Don't laugh, it works.)
I still think the high time frame lows are in.
Is it cope? Maybe.
Is this post a bottom signal? Hopefully.
My belief in this asset cannot be shaken because we've been doing the fear and greed dance for over a decade now.
We all know our destiny lies on the moon.
Eventually.