Bitcoin-at-$100,000 Calls Become Uncomfortable After Pullback | Crypto Craft

  • Bitcoin-at-$100,000 Calls Become Uncomfortable After Pullback

    From bnnbloomberg.ca

    Bitcoin’s getting a drubbing this week as the Federal Reserve readies a removal of stimulus, but bulls are feeling as emboldened as ever. The largest cryptocurrency by market value has shed about $80 billion since the start of the year amid a slump that’s brought it to its lowest levels since its early-December flash-crash. But out have come predictions it can still reach the vaunted $100,000 level at some point this year. It would have to more than double from current levels around $42,900 to arrive at that milestone. Analysts say it’s not that it can’t -- it’s posted plenty of triple-digit annual returns ... (full story)

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Goat
Jan 6, 2022 12:58pm
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The $100K calls were a result of people conflating finance and religion. The faithful will soon blame government suppression for the collapse of their church. It's a perfect illustration of having fun staying poor.
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Trader#81EF
Jan 6, 2022 2:02pm
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Price goes up, price goes down
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