Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

BTC looks still very weak unfortunately... 50% drop from 60 to 30K vertically. Still no (real) rebound and staying in the 35K range.. Hmm I don't want to see this but it's smell not good if BTC are not able to bounce and stay over 42K+ soon. Otherwise more dip (below 30K) is really on the table unfortunately...

Good week end for everyone Wink

This is the best scenario for a parabolic Bitcoin price at the end of the year. If we recover now, there would not be enough ammo to break 60k once again. People have to forget about Bitcoin and crypto over the summer so the hype train can restart around September/October and find its final peak in November/December. I think below 30k is still absolutely fine. As always, patience is key.

I didn't say we need to recover now at 60K+ / new ATH. But at least a bounce and a consolidation bit higher (42-45k$ insted of 30-35k$, IMO) after a very fast 50% drop vertically.

A bit bigger bounce would feel healthy as well imo, could live with the 42-45 range... for a while ...

42-45 would probably lead to people being bullish and it not settling, if it DOES settle the 35 range or even low 30s seems possible.

I unfortunately think we're just going to keep going down for now. Maybe a settle in the high 20s something like 28,000.

Yep I can easily see us going into the 20s as there is very little buying pressure at the moment. However, I think the thing that will get us there is FUD, without that we will probably drift higher. This recovery has been surppresed by FUD so far, we saw more today. It seems like everytime we might be recovering we get a little more FUD. It stupid how people keep reacting to it.