Bitcoin will range and then enter a permanent bear market

Apr 26, 2021

Bitcoins base layer cannot compete with other chains that have better UX and since L2 is still in its infancy and technically blockchain agnostic eventually all development will end up on better chains. My guess is Ethereum and it will make new ATH after ATH for the foreseeable future while BTC just ranges.

Apr 26, 2021

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Sideways ranging at the top is Wyckoff distribution
tradingwyckoff.com/en/distribution/

Apr 26, 2021

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We should be thankful for the sacrifices bitcoiners have made.

Apr 26, 2021

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TSLA sold some of their BTC zerohedge.com/markets/tsla-slides-after-beating-eps-all-net-income-comes-regulatory-credit-sales

Apr 28, 2021

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When the bullrun is over the CBDCs will take the stage. Probably only things like Ethereum will survive because its a smart contract platform and NOT a currency competing with CBDCs

Apr 29, 2021

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Ethereum can have wrapped CBDCs and they can be used in the the smart contracts. It can have wrapped BTC too, but then native ETH is just better since its money supply is fixed as well.

May 2, 2021

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Microstrategy has alluded to selling BTC in the future benzinga.com/markets/cryptocurrency/21/04/20892546/microstrategy-reports-up-to-52-increase-in-revenue-says-might-sell-bitcoin-in-the-future

May 13, 2021

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TSLA stopped accepting BTC zerohedge.com/markets/tesla-suspends-bitcoin-payments-over-concerns-about-environmental-impact