Bitcoin hitting 21k

We woke up to a beautiful green BTC candle. $100 Million shorts got REKT during this pump.

Bitcoin also broke out of the EMA-9 like it was nothing. An indicator that was rejected for WEEKS and always followed with a dump every time.

Powell spoke and the stock market expects less inflation rate hikes in 2023. Shorts are closing even in the stock market and relief is on the street. All that before CPI and merge next week. There is a solid chance for a July like bear market rally if CPI turns out good enough.

Now don’t get me wrong there’s always doubt for sure and this doesn’t mean anything and could easily revert and go back to 20k. But for this moment we’ve had a dump towards 18k and a jump back towards 21k in a couple days! Crypto is volatile and institutions still have their trust in it.

Long term and short term these are great news. Maybe there will be a new bottom after CPI or in November but for now we can inject ourself some hopium!

Edit: if I jinxed it I’m gonna do 1000 push ups screaming “I’m an idiot”