Bitcoin -- Winter is Coming
I think the top is in bitcoin for this bull cycle. I already reached that point and sold 85% of my holdings around 101k about a month ago but it was still early on the technicals. Now we broke the range under 91k, went as low as 78k... ugly ugly price action on the "bullish event" of a US crypto reserve fund.
BTW, I just want to say that was the most ridiculous pump ever... it sorta upset me. I can't stand these silicon valley douchebags within this current administration and they're so blatantly pumping their own bags. Nasty and corrupt. So glad it hasn't held up and won't hold up. They're setting up another sell the news event on Friday with some presidential crypto summit (who gives a fuck?). I sold the last 15% at 90.5k. I might short into Friday event although I rarely go net short bitcoin. We'll see.
We went where we had to go, to 100k, and that's that. See you in a few years.