Bitcoin has been stuck in roughly the $67,000$57,500 range in 3 months, I keep seeing people describe it as boring, weak, or even unreliable. I actually think the opposite. When you look at everything Bitcoin has had to deal with over the past months, the fact that its still sitting around $64K is impressive.
Who are they, of course short-term traders? You don't necessarily give a crap about their assumptions.
The whole idea of being informed is not letting people tell you what to do, particularly when it has to do with taking on a Dip price. The market has been fine, if we go below $60K perfect, and if we continue going down to $40K, it is so much better for you as an investor planning to accumulate this entire period.
My Question to the veterans here:
Do you think this sideways action is shaking out impatient and overleveraged traders before a possible bullish breakout?
If it does, then those are the weak hands fallen out, real holders will keep accumulating instead of attempting to make short gains.