It seems the Bitcoin optimism is returning. According to this, retail interest is picking up again.
This could take things much higher.
https://cryptobriefing.com/bitcoin-primed-new-all-time-highs-retail-interest-returns/
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@taskmaster4450le well that is actually a good news and the price of bitcoin might go to the moon again....
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BTC can definitely go higher but I would prefer if it dipped and shake out the weak hands. If they did so then whipped back up, I can see the FOMO kicking in giving us another high.
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Are there weak hands at this point?
I think all the institutional investment only has shored it up a great deal. There are the classic BTC hodlers and now institutions.
Perhaps some bought on the way up that could be pushed aside but I would guess not many. It looked like the bulk of the BTC was being eaten up by the big players the last few months.
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I think there are still some weak hands. Specifically it will be the people who got in late after the crazy run-up. Right now they are just holding on because people tell them to. But at some point when it's red enough, they will fold.
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