RE: Bitcoin price falling NOW 081126

How low can BTC go? When will the bottom of this cycle be? Nov 21? 28? Dec 1?

My feeling is that BTC has been under a psychological attack against trust in self custody. It's my belief that all the hacks of late are intended to undermine trust in self custody rather than simple theft. Trying to unload billions of dollars of BTC is an activity for a state (or deep state), not that of average criminals. It is hard to image such individuals unloading that amount on to the market without notice.

In that sense we are in new territory, not depending on cycles but bad state and corporate actors. Attempts may continue to be made to undermine self custody until the next halving; making hay while the sun shines so to speak. With the next halving the inflation of BTC will not be a great factor. They are, instead, trying to pry BTC from OG Whales.

That's my take anyway...