฿ Bitcoin BTC/USD Daily Video, October 19, 2023

[Sive Morten]

Good morning,

Recent ETF fake news reaction shows that this event is strongly overpriced, triggering just speculative reaction but no real cash flow moves. We prefer to wait for weekly close to see whether we get bearish weekly stop grabber on the top of H&S arm:

 

[sveckar22]

Interesting how the perspective of the BTC community went from rebellious, being against financial institutions and big banks to now hoping the financial oligarchy will jump into the game to push up the prices

 

[Sive Morten]

Interesting how the perspective of the BTC community went from rebellious, being against financial institutions and big banks to now hoping the financial oligarchy will jump into the game to push up the prices

Indeed. I also sometimes think about it. Now it is a part of the "system" with all corresponding issues, including regulation. As soon as it has become centralized with huge exchanges - all romantic of crypto idea vapored out.