Current short levels don't support that theory. Massive trash bubble in December dragging Bitcoin along with it. Bitcoin will bounce while the trash stays on the ground, but we have to crash-land first.
If I were a not scaled for mass adoption cryptocurrency pumped as fuck by people thinking it will go up forever, I would eventually dump my price down without a big conspiracy by institutional investors.
My strategy didn't require bitcoin going to $20k to be successful, it was just a massive bonus. If your strategy relies on bitcoin going to $100k to be a success, you will be waiting a very long time
Funny how the early adopters with the most to lose are the ones least concerned about price. #Bitcoin. Id say it's because they are massively in profit compared to people who are relatively new like myself who are far below their buy in prices. I think this is highly condescending mate.
Not meant to be condescending by any means. The top 100 BTC addresses have millions of dollars at stake and are in this for the long term. Many dedicating their lives to progressing the technology.