25th February

elephant elephant
2 min readFeb 25, 2021

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

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