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- đşBitcoin is STUCK at 100K!
đşBitcoin is STUCK at 100K!
Are we experiencing another double top like in 2021?
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Why does Bitcoin's price feel âstuckâ at ~$100k?
Are we experiencing another double top like in 2021?
Hereâs whatâs likely happening in 60 seconds or less đ
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Why is Bitcoinâs price stuck?
Weâre experiencing:
⢠Billions in ETF inflows
⢠Treasury companies are buying
⢠The supply of newly mined BTC pales in comparison
Something isnât adding up.
Some people are pointing the finger at paper BTC suppressing prices.
Although thereâs an element of truth to this claim, that isnât the full story.
What weâre actually experiencing is two things:
1 - The psychological impact of â$100k $BTCâ
2 - Global liquidity
Letâs unpack both đ
1 - $100k Bitcoin
$100,000 Bitcoin isnât just another number.
Itâs been a milestone for many investors for years.
Tons of investors arbitrarily decided they would take some lifestyle chips off the table at $100k.
There are enough whales in this pile to somewhat resist the institutional adoption weâre seeing.
2 - Global Liquidity
But much more importantly, we have global liquidity.
Most of this cycleâs:
⢠Unbearable sideways chop
⢠30% drawdown from 106k
⢠And recent surge back up
Is thanks to global liquidity.
People donât realize this because headlines always get the credit for price swings.
⢠Trumpâs election victory is credited for Bitcoinâs surge
⢠Trumpâs tariffs are credited for Bitcoinâs decline
⢠Trumpâs tariff pauses are credited for Bitcoinâs rebound
But global liquidity is the true driver.
Iâm not suggesting headlines are useless.
They obviously arenât.
What Iâm saying is headlines are the spark, while global liquidity is the fuel.
And it just so happens that Trumpâs election victory aligned with a global liquidity rise.
Whereas his tariff policies aligned with global liquidity withering up.
And his tariff pause aligned with global liquidity rising again.
Alright, but how does that explain Bitcoin being stuck at ~$100k?
After all, global liquidity is still rising, but Bitcoin has stopped moving.
The answer is that Bitcoin doesnât always 100% follow global liquidity.
It decouples from time to time and resyncs later.
Especially when thereâs bearish news.
Thereâs a high likelihood that the Trump/Elon drama was the last path of resistance.
Unless more bearish headlines come out that temporarily stalls BTC again, we should start climbing higher.
China just printed another 1 trillion yuan, and the Fed HAS to cut rates eventually.
I expect a longer cycle than usual this time around.
Could I be wrong? Of course.
There are no certainties, only probabilities.
Do your own research, come to your own conclusions, and profit.
Iâm looking forward to the next few months.
Thatâs it!
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