Bitcoin finally woke the fuck up and broke through 50K – the bull is back and angry as hell.
2 min read
Mods: Reposting this without the price speculation (my bad for Rule 5.7).
Okay, so after 4/5 attempts this past 10 days, Grandpa finally decided to make the bears weep. Tomorrow is Friday and we all know what that means – hopefully shorts getting destroyed.
It was more than likely than we’d go up instead of back down (traditional Xmas bump), but that crabbing lasted a fair while. It was only after seeing what happened with LRC, MATIC, CRO, AVAX and LUNA over the past few days that it was becoming clear a stable bottom had been reached.
So now two paths lie ahead: a brand new run beginning this weekend and lasting until at least mid January (credit bills landing, etc) before resuming after Valentine’s Day, or a return downwards and more crabbing.
Either way, the only thing that actually matters is the fact that 2022 will be THE year that mass adoption becomes reality.
There is a LOT to be bullish about:
Omicron nowhere near as serious as anticipated a month ago De-escalation in Russian-Ukraine hostilities (US and Russia meeting in January in Geneva for talks). ie no War. Evergrande fucked but no-one cares China might reban crypto, but it will have no effect anymore GameStop accepting BTC, DOGE and SHIB TESLA accepting DOGE Official Crypto.com Arena rename on 25th December + Laker’s game Both FTX and Crypto.com have bought Superbowl ads for February ZK rollups and ETH gas fees falling ETH 2.0 and the end of mining (ETH deflationary) Inflation hopefully settling down and the wider markets recovering
What do you folks think?
submitted by /u/sandygws
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