- Bitcoin’s $70K surge seems like a dream as prices and social metrics decline.
- Michael Saylor’s optimism clashes with market uncertainties.
Amid widespread anticipation, Bitcoin [BTC] surged to $70,000 on the 27th of May, only to retract to $68,101 within 24 hours. This downturn has sparked significant FUD (Fear, Uncertainty, and Doubt), as noted by trader @EmperorBTC in his recent X post.
Source: Emperor/X
This was further confirmed by AMBCrypto’s analysis of Santiment’s data on social volume and dominance, which indicated a decline in both metrics.
Source: Santiment
Execs weigh in…
Shedding light on the same, crypto analysts Wolf took to X and noted,
“$BTC dominance won’t reach 70%, nor will it reach 60%. It has topped and is heading lower, driven by $ETH strength, which will kickstart the long-awaited Alt Season.”
Source: Wolf/X
This raises a pertinent question: With the approval of the Ethereum ETF, is BTC’s hype beginning to wane?
According to Bitcoin maximalist Michael Saylor, the answer is “no”, as can be seen in his recent post on X (formerly Twitter). He said,
“Is this good for Bitcoin or not? It’s good for Bitcoin. In fact, it may be better for Bitcoin because we’re politically much more powerful, supported by the entire crypto industry.”
Is Saylor excessively optimistic?
However, since the metrics are painting the opposite picture, Saylor’s PoV seems to be too optimistic. Commenting on the same, ‘The Bitcoin Therapist’ in his X post noted,
“This in no way means he is always correct. For example, he was proven wrong about #Bitcoin being the only crypto ETF.”
This was further reinforced by Barchart’s analysis that BTC is plummeting to levels not seen since the 24th of May.
Source: Barchart/X
Just a matter of time!
However, despite prevailing negative sentiments, another trader, Daan Crypto Trades had a completely different angle to share. He noted,
“$BTC Has done nothing but range similar to previous consolidations this cycle. We had one minor deviation below, which was quickly retaken.”
Source: Daan Crypto Trades/X
- Bitcoin’s $70K surge seems like a dream as prices and social metrics decline.
- Michael Saylor’s optimism clashes with market uncertainties.
Amid widespread anticipation, Bitcoin [BTC] surged to $70,000 on the 27th of May, only to retract to $68,101 within 24 hours. This downturn has sparked significant FUD (Fear, Uncertainty, and Doubt), as noted by trader @EmperorBTC in his recent X post.
Source: Emperor/X
This was further confirmed by AMBCrypto’s analysis of Santiment’s data on social volume and dominance, which indicated a decline in both metrics.
Source: Santiment
Execs weigh in…
Shedding light on the same, crypto analysts Wolf took to X and noted,
“$BTC dominance won’t reach 70%, nor will it reach 60%. It has topped and is heading lower, driven by $ETH strength, which will kickstart the long-awaited Alt Season.”
Source: Wolf/X
This raises a pertinent question: With the approval of the Ethereum ETF, is BTC’s hype beginning to wane?
According to Bitcoin maximalist Michael Saylor, the answer is “no”, as can be seen in his recent post on X (formerly Twitter). He said,
“Is this good for Bitcoin or not? It’s good for Bitcoin. In fact, it may be better for Bitcoin because we’re politically much more powerful, supported by the entire crypto industry.”
Is Saylor excessively optimistic?
However, since the metrics are painting the opposite picture, Saylor’s PoV seems to be too optimistic. Commenting on the same, ‘The Bitcoin Therapist’ in his X post noted,
“This in no way means he is always correct. For example, he was proven wrong about #Bitcoin being the only crypto ETF.”
This was further reinforced by Barchart’s analysis that BTC is plummeting to levels not seen since the 24th of May.
Source: Barchart/X
Just a matter of time!
However, despite prevailing negative sentiments, another trader, Daan Crypto Trades had a completely different angle to share. He noted,
“$BTC Has done nothing but range similar to previous consolidations this cycle. We had one minor deviation below, which was quickly retaken.”
Source: Daan Crypto Trades/X
how to get clomid without dr prescription how to get cheap clomiphene no prescription cost clomiphene for sale where to get generic clomid how can i get generic clomiphene good rx clomiphene can i buy cheap clomid pill
Good blog you procure here.. It’s hard to find great worth belles-lettres like yours these days. I truly recognize individuals like you! Withstand vigilance!!
Thanks towards putting this up. It’s evidently done.
order azithromycin 500mg pills – floxin for sale online flagyl cheap
order domperidone 10mg generic – flexeril pills flexeril pills
buy inderal 10mg generic – plavix usa buy methotrexate 5mg pills
order amoxicillin online – purchase amoxicillin generic order ipratropium 100mcg without prescription
clavulanate canada – https://atbioinfo.com/ buy generic ampicillin over the counter
order esomeprazole pill – https://anexamate.com/ buy nexium generic
buy warfarin pills – https://coumamide.com/ hyzaar price
buy meloxicam pill – https://moboxsin.com/ meloxicam 7.5mg generic
new ed pills – blue pill for ed ed pills online
amoxicillin online order – https://combamoxi.com/ purchase amoxicillin without prescription
buy fluconazole 100mg online – https://gpdifluca.com/ diflucan 100mg canada
where to buy cenforce without a prescription – https://cenforcers.com/ purchase cenforce sale
tadalafil (exilar-sava healthcare) version of cialis] (rx) lowest price – online cialis prescription cialis 20 mg duration
cialis no perscription overnight delivery – https://strongtadafl.com/ cialis dapoxetine australia
buy generic ranitidine – buy zantac generic ranitidine 150mg canada
cheap generic viagra online – cuanto sale el viagra en uruguay buy viagra mumbai
Good blog you possess here.. It’s hard to on high worth belles-lettres like yours these days. I really comprehend individuals like you! Take care!! https://ursxdol.com/azithromycin-pill-online/
This is the description of glad I have reading. https://prohnrg.com/product/cytotec-online/
This is the gentle of literature I in fact appreciate. stromectol chat
I am in point of fact delighted to glance at this blog posts which consists of tons of worthwhile facts, thanks representing providing such data. https://ondactone.com/simvastatin/
This is the description of glad I enjoy reading.
imitrex 50mg drug
More delight pieces like this would create the интернет better. http://bbs.yongrenqianyou.com/home.php?mod=space&uid=4271944&do=profile
dapagliflozin 10 mg drug – https://janozin.com/# forxiga canada
orlistat usa – https://asacostat.com/# oral orlistat
Thanks on sharing. It’s outstrip quality. http://www.gearcup.cn/home.php?mod=space&uid=146368