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Gossip & Opinions / Re: Bitcoins - about to hit $5,000 per coin today!
« Last post by Mayday on Today at 05:47:30 PM »$AMC $NVAX $GME $BYND
It’s why it’s so hard to hit a new ATH in crypto in 2nd or 3rd cycles. Once it has an ATH we know where the bar is set for trapped buyers. They will dump hard as soon as price gets close.
BTC hit an ATH by +7% and whales were dumping like crazy into the ETF buyers. Now everyone praying ‘the next pump is a week away and will go to 100k for sure’. Yet we know at 74k the sell pressure comes in again, maybe you get to 75k next time 🤔
Solana was the only existing coin coming close to its prior ATH and trapped people dumped before the ATH so it couldn’t get there.
Meanwhile new stuff on Solana and ETH hit ATH like crazy because nobody knows what the top will be and this is where all the Degens are buying.