Most if not all traders (stocks or crypto), know what I mean when I say things like "prices are affected by market sentiment". Yes, the rise and fall of stocks and crypto prices are predominantly affected by people's emotion and the totality of this is called "market sentiment". Let see how this applies today to #NOT and #Bitcoin and the entire crypto space.
This is a great time to DCA (dollar cost averaging). The overall market is down because today, as stocks decline across major indices, investors are opting for a cautious stance towards equities. They are particularly apprehensive ahead of tomorrow's Consumer Price Index (CPI) release, which is anticipated to reveal a rise in headline inflation from 3.5% to 3.2%, up from last month's 3.2%.
As for #Bitcoin and crypto market, I've shared in my previous posting today this .....
WHAT IS CAUSING THE #BITCOIN DROP?
I suppose many are not aware of the real reason for the last few consecutive days of #Bitcoin drop. Do your research and you will find that the German government holds over $2.7 billion Bitcoin which was seized back in January. According to Arkham they sold about $300 million last week. What is very strange is that the German government did not sell OTC (over the counter) like Coinbase. Big liquidation like this would not affect much the price if sold OTC. But instead they sold on SPOT market like Binance. Hence that created the downward pressure on Bitcoin. This sudden drop also cause a bit of a panic to some BTC holders not aware of this fact. You also have Greyscale and Fidelity selling. But BlackRock is staying firm and holding on their stash of BTC.
PLEASE, DONT LET THIS GET YOU FUDed out!! FUD is Fear, Uncertainty, and Doubt. The biggest wealth building opportunity is in Bitcoin folks! Many have forgotten that only a few short months ago that 11 of the biggest asset managers including BlockRock, Greyscale, Fidelity and others have been approved for SPOT Bitcoin ETF. This is epic! These managers CAN'T sell ETF without the BTF in their portfolio! They are buying almost every week. Most are done OTC. But very soon there wont be anymore BTC to but from Coinbabse! They have no choice but to but retail via SPOT on crypto exchanges like Binance. This is a fact folks!! Just HODL and DCA.
Again dont get FUDed out !!

*** Again this is not financial advise but for educational purposes only. Please DYOR. ***

Fidelity Digital Assets just checked and agreed that Bitcoin might reach $1 million. They say Bitcoin could become more valuable than gold after 2024 because of something called the stock-to-flow ratio. Fidelity, a company that manages money, recently wrote a report looking into this idea created by someone called Plan B. They wanted to see why people are interested in Bitcoin.
In their report, Fidelity says Bitcoin is good for two main reasons. First, there's not much of it, so it's like a shield against losing value over time. Some big companies, like MicroStrategy, are buying Bitcoin to protect themselves from money losing value because of the government making too much of it.
Another reason Bitcoin is valuable is that there's only a limited amount of it, and nobody can change that. Also, nobody's in charge of how Bitcoin works, so it's hard for anyone to mess with it.

Even though not many people use Bitcoin yet, Fidelity thinks it's like when Facebook was starting out and had only a few users. Fidelity also thinks it's interesting that the Bitcoin supply got cut in half around the same time as the government started giving out a lot of money because of the pandemic.
They say Bitcoin is the second-best thing to invest in after gold because of the stock-to-flow ratio. This ratio looks at how hard it is to make more of something compared to what's already out there. Gold has always been good at holding its value over time, and now Bitcoin is becoming just as good, especially since it's harder to make more of it after the recent halving.
So, Fidelity thinks Bitcoin could be a big deal in the future, maybe even more valuable than gold.
IMPACT OF BITCOIN PRICE TO NOTCOIN 
-------------------------------------------------
The validation of Bitcoin's potential to reach $1 million by Fidelity Digital Assets could influence the sentiment of over 900 Telegram users regarding NOTcoin in a few ways:

Positive Sentiment Boost: If investors see Bitcoin gaining validation as a valuable asset, it could increase overall confidence in cryptocurrency investments, including NOTcoin. Positive sentiment towards Bitcoin's potential price increase may spill over to NOTcoin, leading to increased interest and investment.
Market Confidence: Fidelity's validation could signal broader acceptance of cryptocurrencies as legitimate investment vehicles. This could attract more investors to the overall cryptocurrency market, including NOTcoin, as people become more comfortable with the idea of investing in digital assets.
Price Correlation: Historically, the prices of different cryptocurrencies, including NOTcoin, have shown some level of correlation with Bitcoin's price movements. If Bitcoin's price increases significantly, it may lead to a general uptrend in the cryptocurrency market, potentially boosting NOTcoin's price as well.

However, it's essential to note that NOTcoin's price is influenced by various factors beyond just Bitcoin's performance. Factors such as market demand, adoption rate, technological developments, and regulatory developments also play crucial roles in determining NOTcoin's price movement.
In summary, while Bitcoin's price increase could positively influence sentiment towards NOTcoin and the broader cryptocurrency market, it's essential to consider other factors that may impact NOTcoin's price independently.
The chart displayed below relies on the Stock-to-Flow valuation model developed by analyst Plan B. According to this model, Bitcoin is projected to achieve a price of $1,000,000 by 2025 during its upcoming upward cycle.

Grayscale, another asset management firm, shares Fidelity Digital Assets' findings, as illustrated in the chart below. Grayscale also believes in the potential for increased adoption of Bitcoin as a store of value, based on historical data. However, they offer a word of caution:
Although there's a strong correlation between price movements and the stock-to-flow model, Grayscale suggests that this relationship might not be conclusive. It fails to consider the essential aspect of demand necessary for price appreciation.