It seems a regular pullback. Everything that goes up comes down to go up again. It's like a bird thing.

I think it's been exaggerated. A 15% from ATH is not new for Bitcoin. We also went to 45k after testing 58k in July. I'm not guessing it, just holding.

I just sort of expected the holidays to be a bit of a slow down. People who are normally stacking like mad are occupied with family and travel. There are a bunch of fiat expenses around the holidays that are probably being paid with bitcoin sales or foregone bitcoin purchases.

It doesn't feel dramatic enough for an economic portent; especially if you measure by deviation from the price trend (30 days or something like that), rather than from the ATH.

I dunno... Most are credible candidate.

I picked one, but I really do miss an "all of the above" option!

I'm in this camp in this particular case.

I think it's Joe Consorti that has charts showing the correlation to money supply, since that's created through government manipulation and not organically it stands to reason it comes in fits and starts.

Sprinkle in a VIX spike around debt ceiling and budget drama etc... these effect money supply.

Sprinkle in a "transfer of power" coming up in January, that "both sides" elude to being anything but peaceful...

Now today the news I've been waiting for personally... markets closed on Jan 9. 🍿

Volatility wrt Bitcoin can either bullish or bearish (short term), impossible to trade other than being long vol simply for the insurance.

Meh, probably year end profits. Just HODL and DCAing here enjoying cheap corn

I think just the usual pullback and the frenzy of the paper hands

I think it will stay stable during this time until Jan 20th. Then it will rise or fall depending on how the market takes the news. Just the feeling I get.

It makes sense that a big motivated buyer (MSTR most presume) would push the price up, then as the news spreads to everyone that they're in profit, there'd be selling. That it hasn't fallen faster is thanks to some continued buying pressure. I feel shitty talking like this kind of finance stooge. Stay humble and stack sats people. Time in the market beats timing the market.

I'm pretty sure that this pullback is gonna short lived. Within a few hours .. maximum 48 hours, you'll see the uptrend returning.

No doubt!

The regular pullback after those excellent all-time highs!!

And from here there is no one stopping BTC 📈⚡⚡

GO BIG IR GO HOME

I don't trade, I just buy, but I find all of it to be very interesting.

One of the people I follow on X is rektcapital. He seems to get things right way more often than not. He's not overly specific, which of you're being honest, you can't be.

Anyhow, he says there's going to be a price correction somewhere between week 6 and 9 of the parabolic phase. At the end of week 7 we were down, and now we're getting into week 8.

I'm not willing to gamble on it, but if he is correct, we will be back in price discovery soon enough and continue the parabolic uptrend.