Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I missed that $3000k phase in BTC's history. It must have been lovely.... Wished I could have been there (call me bitter, if you must).
It's certainly something I must have only dreamed of, the fact is that you certainly remember $3k just as much as I do - but also that we remember prices just under $200 just as well - it was only 5 years ago - time flies⏰
I am trying to forget those times....
hahahahaha - not really...
But, hey, considering BTC price bottoms, you had seen that PlanB tweet from yesterday about the 200Weekly Moving average? Dude posted it, below.
>>>>>ICYMI: #bitcoin is nicely moving away from 200 week moving average. 200WMA is currently $6400, is increasing $200 per month, and has never decreased. Best of all, BTC monthly close has never been below 200WMA.<<<<
https://twitter.com/100trillionusd/status/1296005407983403008?s=21
Can't we have some assurance that the bottom is in (or at least the bottom keeps moving up)? So, in other words, maybe we can feel a certain level of confidence that BTC prices are not going below $6,400... so even $3k or sub $200 is even more out of the question - into the rearview mirror... and with the passage of time, we can start to feel even more confidence regarding even higher and higher bottom BTC prices... because the bottom keeps moving up with the 200 week moving average, no?
Here's the chart from that PlanB tweet:
