Donhodl⚡
8.7K posts

Donhodl⚡
@Pbizzness
#bitcoin Our society is run by insane people for insane objectives. I think we're being run by maniacs for maniacal ends - John Lennon 1968 🏴













Bitcoin $10,000 May Be Normal Reversion If Peak Beta - Bitcoin has turned downward and may not find a low-price cure until around $10,000. Before the pandemic distortion and through most of 2020, the first-born crypto hovered near this threshold. My graphic shows that roughly $10,000 is the most traded price since 2019. What stops reversion toward the mode? The S&P 500 (x10) on the same scale as Bitcoin may emphasize the crypto's top underpinning, and beta could be rolling over from 7,000 resistance. If stocks have peaked, that's all that matters in most markets, particularly highly speculative cryptos, of which there are now many millions. An unlimited supply of Bitcoin competitors, along with a worthy up-too-much catalyst -- President Donald Trump's 2024 election -- tilts my bias to normal reversion for the highly volatile and speculative risk asset. Full report on the Bloomberg here: blinks.bloomberg.com/news/stories/t… {BI COMD} #bitcoin #stockmarket @markets






12 YR TREND BROKEN. BTC should be a valued a LOT HIGHER relative to gold. Should be. IT'S NOT. The valuation trend broke down once QUANTUM came into awareness. Don't read this post if you want to stay high on hopium instead of seeing things as they are.













