Bitcoin's New All-Time High Quickly Met With Greedy Price Predictions... and a Quick Downfall
ππ Bitcoin's new all-time high of $109.3K was established in Monday's early hours before Trump's inauguration. Prices quickly corrected, though, as social med
Not financial advice. DYOR.
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ππ Bitcoin's new all-time high of $109.3K was established in Monday's early hours before Trump's inauguration. Prices quickly corrected, though, as social media showed major greed and FOMO. This chart shows mentions on X, Reddit, Telegram, 4Chan, and Farcaster for:
π₯ Bitcoin calls between 119K
π¨ Bitcoin calls between 109K
π¦ Bitcoin calls between 99K
Prices historically move the opposite direction of the crowd's expectation, particularly in the short-term. Being a contrarian continues to be a profitable way to swing trade, and an easy way to do so is to look at mentions of lower prices, current prices, and higher prices.
When there is a high frequency of crowd calls for lower prices than what Bitcoin's current market value is, it's a great sign whales are buying up the coins that retail is selling (making prices go up).
When there is a high frequency of crowd calls for higher prices than what Bitcoin's current market value is, it's a great sign whales are selling off their coins that retail is buying (making prices go down).
Monitor the dashboard for these 3 price ranges here, and see what others in crypto can't!
Not financial advice. DYOR.
