Market Short term
Short term relief rally — up to green line, then dump again.
This dump could last a few weeks before we get out of the down trend. When we cross the green line, we get out of the down trend.
But it looks like a short term pump, quickly followed by a dump as we head into march, a traditionally bearish month.
Dip Buying Levels — 45,000–42,000.
99% of corporations still have 0 exposure to bitcoin. The corporate fomo has not yet started.
Trillions upon trillions of dollars. Even a small percentage of this will send a huge spike in bitcoin price.
The eventual floor for bitcoin will likely be six figures.
Also, the Fed was down the other day for a couple of hours. This exposes the vulnerabilities of a centralised system. Bitcoin never has down days, because it’s a decentralised network.
The Endgame might have started
It’s only a matter of time.
And the floor is being set here.
Dump could be inbound