(1) BTC is in a strong downtrend wrt TA
(2) BTC is a risk asset that is underperforming wrt SPY, QQQ, SMH, and pick a sector ETF. They all beat BTC.
(3) This is not in any particular order. Institutions are concerned about Michael Saylor selling BTC. Everyone long on BTC should be concerned about Saylor selling BTC.
(4) BTC is predicated on number go up. I would love to have this conversation and argument with some of you. I need a concrete pragmatic reason for buying BTC besides number go up. If I get a use case for it, I want it to be used and not a theory for future use.
(5) There are more.