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Suckers rally? Buy the rumour sell the news? Beginning of the bullrun?

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by COINS NEWS 87 Views

Where do people think Bitcoin is currently, is this purely a case of people buying the ETF speculation only to sell once it’s announced, is it a suckers rally in the face of a growing number of indicators that say we are staring in the face of a US (and possibly global) recession or is this likely the start of the bullrun?

I’d be interest to hear views from chartists as to what levels are the big resistance and support prices and what we would need to see to really be confirmed in a longer term uptrend - I appreciate we have been trending upwards for pretty much 12 months now since the low of $15k last November but all around things look bleak still even though many of the big tech companies are reporting bumper earnings.

Should I be pessimistic or optimistic? I’m a long term bitcoin hodl’er so I suppose I’ll just watch it wink again or rise and probably do very little about any of it but I’m interested in peoples opinddions as to where we are currently ($36,500 being the short answer ????)

submitted by /u/R0Y-BATTY
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