Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
cAPSLOCK
on 23/05/2021, 18:03:00 UTC
Did it ever went down midcycle (similar position) below the prior ATH?
Nope. Therefore, unless we are witnessing something entirely new, somewhere around 25K could be a "natural" attractor because it corresponds to roughly 61.8% decline (Fib number) IF we will go below the prior one (50%, where we are right now, give or take).

Because of this, it either bounce here or at 25K (plus minus a thou or half a thou), IMHO.

Actually I do not think the first big bull fit what you say up there... did it not have a sort of 2 part run?  We could certainly do that.

And to your point that it might be doing something different this time... I would be very surprised if it didn't.  Well at this point it is becoming more impossible for it to really repeat itself.