BTC 3 days chart

>RSI close to 100 for several weeks straight, only goes up, behavior never seen before.
>Not a single red candle for these several weeks.
>Already close to ATH, when it breaks it will moon even more.
Is Bitcoin never going to dip again until it's above $200k? Will longs ever be liquidated?

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>this time its different

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Im a brainlet is this good or bad help me

it's bad. sell sell selll

It's really really bad, user. Sell now. DUMP.

Are there any resources/studies out there that show relative national contribution to BTC/crypto purchases? I get a feeling that this is worldwide inflation-fleeing, particularly from China but to a lesser extent Argentina.

btc is in no way a hedge against inflation, it's a highly speculative asset

It definitely is for Argies (700% inflation relative to the USD over the last 5 years). The question is how many countries are large and wealthy enough to even affect BTC prices noticeably.

13k inbound sooner or later, i stabilized some of my wbtc already. Most still in, cause i am a pussy

there is no reason to buy it when you can buy dollars and or gold, these two don't tend to dump 50% in a couple of days
the only reason to buy btc is if you are a gambler

It will hit 20k again then dump but how far it dumps is hard to tell.

a smart gambler

>third-world countries having easy access to gold or USD

I can't wait to see the next generation of bag holders

yes, you can easily go exchange you currency for dollars or anything else
have you ever been in a 3rd world country fag?

You pay fees out the ass to do so, risk getting robbed at gunpoint, and if it's physical USD there are very real chances of shortages in uncertain times. By contrast, crypto exchanges are almost always available.

the fees aren't higher than those on crapto and besides if that's the case then one is better off just buying usdc

bad if you shorted

still spouting this retarded shit?
btc is the best inflation hedge ever conceived. not only that but it's unconfiscateable at borders.

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Sure is when arthur bitspicnigger is no longer in the picture. Now we can all rocket. See how easy it is?

Your chart is shit.

it's confiscable if they close the exchanges and for the price to go up you do need many suckers to buy high
you do realize that you need those loser imbeciles to buy and keep pumping the price for your bags to have more value?

btc went way lower than that in 2020

can't close a dex you retard
keep coping

so how do you cash out mong

Boring.

DAO.

BoringDAO.

This is it.

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The lowest daily high of 2020 was $5200, so still well within the trend.

Didn't Iran recently adopt btc on the governmental level?
Not really. If BTC gets to $20k and has a 30% pullback it's at $14k. We've already touched on that $18,900 resistance level and broke down however, support was found at $18,6xx which tells me that we're not going to see a massive sell off at $19k which means the likelihood of btc being under $14k isn't as likely. I mean by all means if you are on the sidelines set your buy orders for $13,xxx but just don't get your hopes up.
There is one very key difference between now and then which is that there are institutional level investors with long term vision putting their keys in cold storage and not participating in any profit taking until probably the next cycle or at least the end of this one. The fact that countries are adopting it. I'm not saying there won't be any corrections and I'm not saying they won't be the same magnitude as previous cycles but I am saying there's a chance of less corrections and less magnitude per pullback. They may only be 20% instead of 30%, they may only be 15%.
The first correction is going to paint a picture and five us some insight as to what we can expect.
Like I said in another response, the fact we were at 18,9xx and flirting with 19k without a big correction is bullish for the first correction being at 20k+

of course there isn't any correction, every time btc starts dumping you can see tether being send to exchanges lmao

Thats just the tether exit pump. Strap in, the dumb will be glorious

Can I get redpilled on tether and how it affects the price of BTC? I keep seeing this posted around