Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by JayJuanGee (1)
If there had been significant upward pressure, then we wouldn't have been stuck at ~$6.5k for so long. I predict that ~$5.5k will be "the new $6.5k" for a while, maintaining relative stability with periodic bouncing.
I suspect that we're on a long-term slow downward trend until either the next halving or until something major happens (eg. ETFs, maybe certain global events, etc.).
I suspect that we're on a long-term slow downward trend until either the next halving or until something major happens (eg. ETFs, maybe certain global events, etc.).
Unless some major event happens like you said, this is exactly going to happen like it happened in 2014-2017. That means even under $3k is a possibility now.
Maybe BAKKT can reverse the bearish trend but I don't raise my hopes too high.
See you all in 2022
It will be a pure vomitfest from now on. 3 maybe 4 painful diskusting years are ahead.Missed the Gox bubble, missed the tether bubble too. Fuck my life. >:-(
I don't agree with that whatsoever. What major event happened in 2017? There were in fact a lot of bad news at the time and the price continued to grow.