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20 sats \ 3 replies \ @grayruby OP 30 Dec 2024 \ parent \ on: Is Bitcoin telling us something about the broader market/economy? econ
I feel like there is more weakness to come. Unfortnately the market is very narrative driven in the short term. In the longer term the supply and demand matters most but in the short term people trade off the fear and greed of the latest news and speculation. When they run out of coins to sell price will rise again.
You're right but the price seems quite stable atm. It's gone range bound. My analysis say that it won't go below 90k as for now. It seems that they've already run out of coins at 91k.
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Crazy things can happen the next couple day as volume will be very low. I could see more downside or a quick rebound to 95k.
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Let's see. I'm betting for 95 to 98 k.
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