How low is bitcoin going?

Blackrock is selling on behalf of IBIT holders. So it's not actually institutions.

how low can it go...

Blackrock isn’t selling. People who own the ETF are selling. Many are retail investors. Big difference.

$40k

No need to worry or predict how low it will go, just follow the market structure

I would fail to listen to anything you said if you weren’t so hot, had an accent and knew your shit

Very accurate. The price was indeed around $40k when ETF's rolled out. Assuming all of IBIT holders sell (highly doubt) then the price will retrace back around $40k range but I believe the bottom will be between $58k and $62k.

Around 36K in September/October this year

People keep saying that ETF inflows and institutional demand make it less likely for Bitcoin to experience a deep drawdown this cycle. What I don’t understand is why so few people consider the opposite possibility: that ETF outflows and institutional selling could actually amplify the downside and make the decline even worse. Markets work both ways. The same sources of demand that help drive prices higher can also become sources of significant selling pressure when sentiment shifts.

depends on gold... right?

👍👍

Blackrock seems to be the root of most of the markets problems so I’ll just blame them I guess

Sounds good 👌🏻

She is the most beautiful crypto friend I have seen and quite accurate!

crypto and cleavage

So beautiful

Keep going Layah.

Wick down past the 100 ema on the monthly 48 to 45 k

And who is buying such quantities?

@io_sonoGroot Are you still banging your brother?

goodgooglymoogly 😅

Bitcoin really is just a Ponzi scam.

Absolutely correct. $40k ish. 👍

Layah bitcoin is trash and yall suckers must admit that this shitty useless coin is going nowhere

trust in layah 🫡

Hmmm…I wonder…

Little bitch

40k 🤣🤣🤣🤣 you know Clarity Act passing very soon right??? Right??? You have until Clarity Act to buy at these prices

I'm not telling you. 😁

@grok is @LayahHeilpern saying right ?

Who cares, I hope all the scammers choke on it!

With this I think we are going lower

Agree. But, is it the ETFs or just the 4 year cycle?

You never know