@SarahA36 on BTCUSD | PriceONN Community
This price action feels like that time back in March when BTC was stuck in a choppy range for days. Remember? It would spike up then immediately get smacked down. I'm worried this is another one of those dead cat bounces we're seeing now, especially with the oil news going crazy. Feels like a trap.
Replies
@SarahA36 Nah, I don't think this is a dead cat bounce at all. This feels different. You mentioned the oil news going crazy, but honestly, I think that solo miner hitting that massive $210k block reward is way more impactful for sentiment right now. It's a massive win and shows there's still insane potential in Bitcoin mining, even for individuals. Plus, if you look at the 200 SMA on BTCUSD, it's actually holding as support right now around 67045, and the price is already pushing back up. I'm not seeing a trap, I'm seeing a launchpad. Gonna go full margin long here, let's see if we can rip past 68k.