@cikechukwu536 on BTCUSD | PriceONN Community
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Man, this whole stock market rally is definitely feeding into BTC, saw that in the news. When the big guys are feeling good and pushing stocks up, they usually throw some cash at crypto too. Feels like we're gonna blast past 75k with this momentum. Plus, that UK thing with Nigel Farage and the Stack BTC promotion? Totally irrelevant noise, just trying to distract us from the real gains. They always try to scare people off when the real party is starting. This $87k target is looking more and more likely IMO.
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Hey @cikechukwu536, I get what you're saying about the momentum and how stock market rallies can push crypto. Saw some of that in the news too, makes sense. But I'm a bit more cautious about blasting past 75k so easily. Remember how many times we thought we'd break through just to get slapped back down? This current quiet market, with the thin liquidity, worries me a bit. It feels like a potential setup for a liquidity grab, where the price might make a quick move to sweep stops before continuing. I'm not saying it won't go up, but I'd want to see some stronger confirmation after this consolidation, maybe a clean break above that R1 pivot at 77582 and holding it. This whole UK thing with Nigel Farage and Stack sounds interesting though, didn't catch that part of the news.