Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
proudhon
on 08/09/2020, 15:18:25 UTC
2017 high ~$20,000
2018 high ~$17,000
2019 high ~$14,000
2020 high ~$12,000

Up, up, and...oh wait...

The year is not over yet. Keep in mind that even in 2017 the first 2 weeks of September looked bad. Who knew what was going to happen?
So why you rush it? The year is not over yet.

The year isn't over, but bitcoin is. As you can see, we've been trending down towards $10k and it's increasingly evident that isn't any kind of good support. Once enough of the market accepts what's already confirmed, the dam will break and we'll continue our market back down toward $1,000, and then, of course, below that.