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RE: Bitcoin (BTC) Morning Update: Something HUGE is approaching in the Cryptosphere, MASSIVE Profits are to be made!
The pundits are all starting to hint, "BTC overbought, showing signs of weakness" but I think what you say makes sense simply because an avalanche of people are getting into the market.
Bitcoin's rise works like a magnet. So here you have your explanation ;)
BTC would be overbought...if we weren't seeing huge numbers of new people, "normies", getting involve din crypto. The mainstram media covering the news that it's smashed through $10k - and not only didn't dip horribly but is now through $11k and heading for $12k would be huge enough. Also the fact that The Big Bang Theory is going to do an episode centred on BTC tomorrow will get even more normies talking about it, thinking about investing and actually investing.
Add to that the fact that we're only just beginning to see serious institutional money coming in and the bull run could well continue for a while before there's any serious correction.
This is what we all want - more people, more FIAT into crypto and more profit. 🤑
Correct. Riding the little dips right now, getting used to this.
Then we'd see people buying other amazing coins with there BTC that's on their exchange accounts.
OMG