This is crazy! I'm not sure if

2024-03-06

This is crazy! I'm not sure if BTC is going to pull back or push higher. But for now, I think it's best to be cautious and wait for a better entry point.

I don't know anyone who was waiting on the sidelines for an ETF $Grayscale Bitcoin Trust(GBTC)$ to buy bitcoin. If you liked it frankly you already owned it. I am still a bear. But I will admit if a large country announced that that central bank owns bitcoin as a reserve asset, the shorts will really burn.

This is why I never recommend anyone shorting bitcoin. Some people are going to get very rich. However, many people are going to be very poor because of this. For every person that sells now, many people are paying that person off. This is still going to end badly because your not storing anything.

Digital monetary energy is not real. And bitcoin will not replace the dollar or gold. The is like watching $GameStop(GME)$ stock back during the bubble. good luck to all the gamblers.

BTC Rebound: A New Rally or Bull Trap?

After the sell-off on Tuesday, Bitcoin surged by 5.8% on Wednesday, reaching $67,002.84, driving an overall uptrend in the digital asset market. Bitcoin had reached a historic high of $69,191.95 on Tuesday before swiftly dropping below $60,000. According to data, the range between the high and low points on Tuesday exceeded 14%, marking the largest price fluctuation for Bitcoin this year. -------------------- How do you view? Will Bitcoin Pullback or Push Higher? What's your target price for Bitcoin?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Will Bitcoin Pullback or Push Higher?\nWhat's your target price for Bitcoin?","image":"https://community-static.tradeup.com/news/f2e48c8e0a5c6db62367b55f9944f20a"}],"images":[],"coverImages":[],"html":"<html><head></head><body>This is crazy! I'm not sure if BTC is going to pull back or push higher. But for now, I think it's best to be cautious and wait for a better entry point.I don't know anyone who was waiting on the sidelines for an ETF <a data-mention-id=\"GBTC\" class=\"teditor-mention\" data-mention-name=\"Grayscale Bitcoin Trust\" href=\"https://ttm.financial/S/GBTC\">$Grayscale Bitcoin Trust(GBTC)$</a> to buy bitcoin. If you liked it frankly you already owned it. I am still a bear. But I will admit if a large country announced that that central bank owns bitcoin as a reserve asset, the shorts will really burn. This is why I never recommend anyone shorting bitcoin. Some people are going to get very rich. However, many people are going to be very poor because of this. For every person that sells now, many people are paying that person off. This is still going to end badly because your not storing anything. Digital monetary energy is not real. And bitcoin will not replace the dollar or gold. The is like watching <a data-mention-id=\"GME\" class=\"teditor-mention\" data-mention-name=\"GameStop\" href=\"https://ttm.financial/S/GME\">$GameStop(GME)$</a> stock back during the bubble. good luck to all the gamblers.</body></html>","htmlText":"<html><head></head><body>This is crazy! I'm not sure if BTC is going to pull back or push higher. But for now, I think it's best to be cautious and wait for a better entry point.I don't know anyone who was waiting on the sidelines for an ETF <a data-mention-id=\"GBTC\" class=\"teditor-mention\" data-mention-name=\"Grayscale Bitcoin Trust\" href=\"https://ttm.financial/S/GBTC\">$Grayscale Bitcoin Trust(GBTC)$</a> to buy bitcoin. If you liked it frankly you already owned it. I am still a bear. But I will admit if a large country announced that that central bank owns bitcoin as a reserve asset, the shorts will really burn. This is why I never recommend anyone shorting bitcoin. Some people are going to get very rich. However, many people are going to be very poor because of this. For every person that sells now, many people are paying that person off. This is still going to end badly because your not storing anything. Digital monetary energy is not real. And bitcoin will not replace the dollar or gold. The is like watching <a data-mention-id=\"GME\" class=\"teditor-mention\" data-mention-name=\"GameStop\" href=\"https://ttm.financial/S/GME\">$GameStop(GME)$</a> stock back during the bubble. good luck to all the gamblers.</body></html>","text":"This is crazy! I'm not sure if BTC is going to pull back or push higher. But for now, I think it's best to be cautious and wait for a better entry point. I don't know anyone who was waiting on the sidelines for an ETF $Grayscale Bitcoin Trust(GBTC)$ to buy bitcoin. If you liked it frankly you already owned it. I am still a bear. But I will admit if a large country announced that that central bank owns bitcoin as a reserve asset, the shorts will really burn. This is why I never recommend anyone shorting bitcoin. Some people are going to get very rich. However, many people are going to be very poor because of this. For every person that sells now, many people are paying that person off. This is still going to end badly because your not storing anything. Digital monetary energy is not real. And bitcoin will not replace the dollar or gold. 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