@degen-chad on Farcaster: "$BTC looking frisky here on a ..."

7mo

Member

$BTC looking frisky here on a Sunday at 105k. So damn close to ATH. Golden Cross likely in the next week. Only thing giving me concern is this trend of declining volume on the upward movement. If it does golden cross and approach ATH, I’d like to see a volume spike at least above one of the previous highs and break this volume trend line.

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The rest follows?

higher 🥰

Thing is the buyers now are buying to hold - long term. There are going to be more and more treasury buyers of the orange coin. The ship has sailed on uber cheap BTC long term. Any dips get bought IMHO and it’s up only barring some catastrophic geopolitical event.

yeoraemyson

7mo

One more pullback please

reeeny

7mo

@vedaykin you might like this.

timewarp

7mo

Thx for your technical updates 👏

daikie

7mo

I'd prefer to see us just chilling till Tuesday or so cz Mondays like to print false moves we'll create a vector gab on CME and the tie suits like to hunt for those

nomiu

7mo

Yeah, the lack of volume is definitely a concern. Feels like we need another wave of strong buying to keep this rally going. Ideally, we’d see a breakout in volume right as the golden cross happens. Definitely keeping an eye on next week’s price action!

mr-silverback

7mo

May have one more pullback here to 101k

sehashmi.eth

7mo

Solid analysis, Chad. Agree on the volume concern — this climb feels a bit too clean without strong conviction behind it. Do you think a retest of the 98k-100k zone might offer a healthier setup before we push to ATH? Also curious how you’re weighing macro events this week in your outlook.

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