⚠️ $BTC Flash Crash: -6.3% in 24h, low ~$81K, now ~$82.5K rebound. Fear & Greed plunged to Extreme Fear (16). Stocktwits sentiment: extremely bearish, chatter spiking high.
Yet Strive Asset Management CEO Matt Cole stays bullish: "Bitcoin is starting to scream deep value & potential support vs gold" 🔥
Key signals he flagged:
Price near 2017 major top level (historic support?)
Weekly RSI oversold
Below 200-week moving average
Combine with historically strong BTC fundamentals + current dollar weakness (UUP -1.48%, USDU -2% YTD while BTC only -3.5%ish) → hard not to be bullish here.
Meanwhile, gold dipped 3.6% to ~$5,100/oz, but GLD retail is extremely bullish.
Strive (ASST) just added 334 BTC (~$29M at $89K avg), now holds 13,132 BTC ($1B+), paid down most Semler debt post-merger. They're all-in on BTC treasury.
Wall Street macro jitters, but Cole sees bottom signals. Dip buy or more pain? Drop your thoughts! 💬📉📈 #BTC #Bitcoin #Crypto #Strive