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Personally I think we're now wearing down the Bears. Also consider the number of Whales BTC bullish who would never sell at these levels (and are likely accumulating) and Retail like myself who feel that they are nowhere near their asking price based on overall fundamentals that only grow stronger. Two of my predictions for 2022 is a minor exchange running out of BTC and the return if DeFi is a big way; I think the likes of AAVE is grossly undervalued right now.

The huge attack at 2pm yesterday at the $40k level that was bought back up instantly was a massive moment in my view. That was the play to try and push us into the 30's. We then had a lesser attempt at 5pm. The Bears lost a lot of powder with those moves and it demonstrates big underlying support at these levels. The Bulls have gotten smarter and the war of attrition could we have flipped and be going in the opposite direction as we've ticked up nicely since then. The more people DCA and HODL the stronger BTC becomes. The miners will then catch up.

A reminder of why we are in Crypto. It's a risky Asset as measured in FIAT currency, where we have a privately owned and controlled Central Bank who issue said FIAT currency backed by nothing under motivations private to them, irrespective of what they tell the wider audience. They then pretend that the cost of that money (credit) is going to become more expensive by raising interest rates and/or tapering sooner than previously advised to mitigate the devaluation of their FIAT currency (inflation) precisely due to the almost exponential issuance thereof. What they fail to tell the Proles (but what most of us know) is that there is close to $30 Trillion in this country's national debt and a derivatives market that is almost beyond comprehension. Any meaningful rises in said Rates will cause economic Armageddon, exacerbated by the fact that this central bank also issues the world reserve currency. So the question is, with D-Day fast approaching where should one store his or her wealth? In the bank where each jurisdiction insures you up to a certain threshold but may impose daily or weekly limits on withdrawals or all manner of other funny business because your bank deposit is a LOAN to the bank, your balance is a balance of IOU's and hence they may need to default on that loan or use the capital elsewhere for a 'duration', i.e. re-capitalisation. In the Stockmarket? To some extent yes but expect major tumult there. In precious metals? To an extent absolutely. Or in the only truly global digital asset that is decentralised, trustless, very portable, and provided the lights are on you can access your money. I like the latter, and if enough other people do we can eventually de-couple from this system of inflationary paper enslavement. BTC is like a big F*** Y** to FIAT. The battle will then be against (equally inflationary) CBDC's / social credit score / 'health' pass and all the other Technocratic bull they are forcing upon us in real time. Failing that I'll be using my gold and silver to buy loo roll and eggs down the black market :)

The FED announces it'll aim to raise rates in May 2022 with another two planned, but by then they'll be another variant as an excuse to 'postpone' that. The BTC (and Alt) fundamentals only grow stronger by the day, the USD is less **** than all other FIAT but is proliferated toilet paper none the less to the tune of BILLIONS per month, the US debt ceiling was raised by another $2.5 Trillion, inflation is obviously rampant yet we apparently have enough Sellers suddenly realising that their exit is $49k (or just below) on a daily basis when we've basically been stuck here the last two weeks, even after we have clarity on FED policy over the coming months. LMFAO. It appears as though we're being kept below $50k with a little bit of margin until the cat cannot be kept in the bag. HODL as they are relying on Retail getting bored and bailing.

I'm glad someone else has noticed this. Others seem to think price manipulation is conspiracy theory. More people need to HODL. Also consider the SEC has no problem approving BTC Futures ETF's but still no spot ETF. Like the ongoing games being played they can't maintain that position forever, especially with the likes of Grayscale and Fidelity pushing hard.

Going by some of the comments here there are actually people that think Whales buy from the spot market and not OTC. These same people also probably think that these same Whales don't have full visibility on the leveraged longs (and shorts) and dumping say, I dunno, 1500 BTC in mere minutes won't cause a cascade of sells and hence drive the price down shaking more people out of the market. No, no, this like ALL markets is pure supply and demand. Just like gold and silver. Silly conspiracy theorists, they think far too much.

This thing wants to go. We just need Powell to announce a big fat nothing burger and off we should fly. As usual we get pushed back down again but not so easy this time........a real dog fight going on right now but the Sellers will surely run out of ammo soon. People are getting wise to these quick pumps and dumps. The HODLERs are not selling anywhere near these prices.

Just in case anyone had forgotten; there will only ever be 21M BTC. Circa 4M lost or out of circulation forever. 90% already mined. This Asset underwrites an entirely new digitised ecosystem that is still in it's infancy but is growing widely in acceptance. Right now we're only just over half the 2017 ATH (~$20k) that was driven purely by Retail yet the ecosystem has grown massively since then. The mind boggles at how undervalued we are. Clearly this is a mixture of Whale games to keep driving out the paper hands (and maybe extend the cycle) and some profit taking for US year end. I expect strong appetite to resume early 2022. Right now I'm getting itchy fingers for topping up my Alt positions. Some showing relative strength today.

Exactly, it's the only tool they have. All this talk of tapering and rate rises is just that, talk, probably to try and slow inflation short term. If they try a paltry rates rise the market will have a huge tantrum and they'll need to walk it back straight away. 'Fortunately' they now have omicron as an excuse to no longer do so, or to hold off (indefinitely). Many people are expecting a market crash and are trying to time the market. As such it'll probably be the complete opposite and a melt up and some sort of final global asset grab. Either way the economy is screwed so you might as well be invested because cash is trash. They know that full well and are plotting an orderly-ish switch to central bank digital currencies and debt relief for the select few. No one will trust anyone which is why we need BTC.

But they acknowledge they are here to stay and quote: ""We really need to roll our sleeves up and get on with it, so that by the time this becomes a much bigger issue, we've actually got the regulatory framework to contain the risks." i.e. we know this market is going to grow to such a size that it will have a profound effect on the entire financial system......BULLISH.
Most people are in favour of clear but reasonable regulation. The SEC needs to get their finger out a approve a spot ETF in the US. Approving Futures just encourages speculation, not investment.

Holding pattern ongoing. Just as the price starts to pick up to where Traders and maybe some Retail have an entry point we get knocked back down to the fine line. Meanwhile the paper hands keep folding and the Whales keep accumulating. It's a process of attrition that will eventually come to an end. Unlike May we do not have BTC moving into Exchanges for mass sell-off (quite the opposite) so best to stay calm and wait for this current process to play out. I'm certainly not going to try and time the market because history tells us when BTC moves it really moves. Even more so for the Alts. Then the impulsive money FOMO's in and off we go, by which time the rest of us are starting to take profits. Extended cycle, top in March 2022 with subsequent correction less brutal than previous, all of which predicated on Main Markets not imploding. A calm December wouldn't actually be a bad thing.

Feels like we're still in this holding pattern with the occasional little vomit to keep chasing the paper hands out. There a plenty metrics showing we're still in the bull run and nowhere near top, but the one I like best is BTC on exchange and the trend continues down, i.e. being moved off exchange into cold storage / custodial wallets. The recent dump did not correlate with BTC being moved onto Exchanges in any significant way unlike earlier in the year.
Also keep an eye on ETH. Largely unloved but it's the undisputed no2 and more is being burned by the day. Total value locked (TVL) exceeds all the other L1's by a country mile. Amazon now tinkering round the edges with NFT's (on WAX I believe?). A big announcement from them (accepting Crypto payments etc) would be huge. Frankly all the fundamentals look fantastic. ARB just needs BTC to make it's move and the main markets not to **** themselves anytime soon.

All this negative sentiment only makes me more bullish. We've only just come out of Extreme Fear on the fear/greed index and snuck into 'Fear'. We might grind a bit lower yet but history tells us this is the time to load up if you can otherwise HODL. It was all the talk of $98k last month and $150k this month that made me uneasy. Ripe pickings for sucking the leverage in and wiping it out. That was one hell of a wipe out. Not sure where the Shorts are sitting now but when the Whales go after them it could be a hell of a ride, especially when the FOMO sets in. Right now Retail are too busy worrying if they are going to be granted Xmas from our illustrious Masters and to be told if Omicon is something to worry about. What drama!

Look at BTC dominance. Remains around the 40% mark. BTC continues to net flow off exchanges. That last dip was totally manufactured by the Whales to flush out the leveraged longs hard. There is no panic. Folk are chomping to get into the Metaverse and NFT space and as such many Alts still have huge support with more capital waiting to flow in. L1 protocols will resurge (I bought into AVAX yesterday having missed the original surge - now 20% up) but watch out for the resurgence of DeFi. Its been overlooked for months and I see AAVE and FTM as solid plays. Many L1's expose you to DeFi anyway.
Also shout out to ArgoBull and Money Never Sleeps.....based on their chat I've become aware of FLAME and that could be a major multibagger.
Also bought the ARB dip yesterday.

Just buy both Chuz, this will probably be like dotcom in the late 90's

Great call VirtuallyRich! Is Dec 10th when the FED tell us tapering will not be happening and interest rates will not be moving up?

Bitcoin is digital property that provides the foundation for the nascent but burgeoning Crypto space. These can be used as currencies, i.e. to transact, but in my view BTC will become to valuable for that. The Alt Coins (or Alts as they are called; Ethereum, Cardano, Solana etc) and really new digital Platforms for doing all manner of things. Smart Contracts and DeFi will change the financial world as we know, in fact already are. Currency is really a misnomer. I see these as digital investments in an increasingly digitised world. Not having exposure is frankly stupid.
21M BTC is broken down into 8 decimal places where one unit is a SAT. Kind of like pounds and pence but different multiples. So there are plenty BTC to go round. The real power comes from it being truly decentralised and hence trustless, and what I now believe is the most powerful computing network in the World. This is an innovation on a breathtaking scale which is why many of the big Tech Entrepreneurs and increasing Institutions are now on board.
As for FIAT currencies they are basically the root of all that is wrong in the World. The ability to just generate more of the thing that many people measure their labour and hence savings in is open to abuse. Inflation is yet another tax.
Governments could not fund War and never ending boondoggles if the money needed to finance them was actually of real value, and investments would be made far more prudently and speculation would fall off a cliff. Politicians would be far more answerable to the taxpayer which in itself would enhance the democratic process. So like I say to everyone, Gold and Bitcoin have a important place in a well diversified portfolio but as well all know POG and POS will continue to be manipulated until it becomes impossible to do so. That could be 2yrs, 10yrs, 20yrs away. My Crypto portfolio has VASTLY outperformed my Gold & Silver and will likely continue to do so.

I'll be quite happy once the PlanB prediction is invalidated as it removes precise expectations which in itself can be used as a form of manipulation (not PlanB but others knowing how much traction it got - highly leveraged trading has been a curse). Just HODL. The cycle is either being deliberately extended to prevent a huge dump (arguably positive) but I honestly can't see how a big spike can be avoided and it would probably last several days if not a couple weeks. I'll take some profits at that point but my plan is to remain invested in this space. Frankly I think ARB is holding up rather well through all this chop.

Firstly, does anyone actually give a toss about Mt Gox? It's was a poorly run exchange back when Crypto was like the Wild West. Anyone with sense should have moved their BTC into a wallet. There were some, even back then.
Secondly we need to remain calm. We are at $57.5k, not $29k. There have been a few times BTC looked to break out but got whacked down again. Possibly due to options expiry tomorrow. Just remember these same toss pots that are unloading to suppress need to buy back at some point to play that card again. Just HODL. What are we down for the week? 12%? Comparing that to previous bull runs it's nothing. Sit tight, don't check your portfolio every 5mins and enjoy the ride. I still think a major supply squeeze is coming right about the same time many Retail investors have given up. The fundamentals remain very bullish. I could pick so many headlines but here is one example of many, in the last 24hrs: "FIDELITY APPROVED TO BECOME CANADA’S FIRST INSTITUTIONAL BITCOIN CUSTODIAN".

This is starting to move like BTC! Between now and year end (I'd say until March 2022) could see explosive moves in Crypto. This could result in crypto related stocks behaving like junior precious metal miners on steroids! Everyone will want a piece but there are not enough outlets to soak up that liquidity in an orderly fashion.