Alot of people are mis-interpreting crabbing BTC as bearish when in reality it is neutral/slightly bullish.
We 20x in under a year and have spent the last 3 months sideways consolidating while tagging new all time highs every month. The fact that we aren't at 20k right now is to be taken as a bullish sign.
The S2F model hasn't peaked yet and with the amount of inflationary money printing and fiscal spending happening, there is going to be a sustained fight to inflation hedging.
Don't fall for the fud, this is the time to be adding to strength for the ride to 220k later this year (with possible blow off top spike to 300k+).
We 20x in under a year and have spent the last 3 months sideways consolidating while tagging new all time highs every month. The fact that we aren't at 20k right now is to be taken as a bullish sign.
The S2F model hasn't peaked yet and with the amount of inflationary money printing and fiscal spending happening, there is going to be a sustained fight to inflation hedging.
Don't fall for the fud, this is the time to be adding to strength for the ride to 220k later this year (with possible blow off top spike to 300k+).
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Check this out, big volume gap right in the area where on Feb 8 Tesla announces they bought BTC. Elon prevented proper price discovery back in Feb and pre-emptively destroyed shorts and left weak handed BTC longs unscathed.
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BTC daily on pitchfork middle line.