$SUPER MICRO COMPUTER INC(SMCI)$ Definitely not a dead cat bounce. It is still a legit company with strong revenue and growth prospects. Take this opportunity to accumulate a position. But still do your own DD!
Halving will affect miner's rewards from mining BTC. Therefore, market needs to see the expansion plans of miners or BTC has to doubled from current price to improve the sentiment towards crypto miners.
I think the tweet was done by SEC but released a day early. I still think the first spot BTC etf will be approved today. The current drop in BTC is just manipulation to shake out the weak hands. It should recover later.
Asking the wrong question.. You should be asking "WHEN will BTC break $50,000 in Jan 2024? 😁 Even if the Spot ETF is rejected for ARK on 10 Jan..mkt will still look forward to BlackRock ETF result in Mar and BTC halving in Apr.
Sorry apes for the hard truth but AMC is basically a Pump N Dump stock now. It will never reach the heights of Jun 2021 again. If you have a good unrealised profit from it now, better take it 😉