Quote from: Clavulanic on July 23, 2021, 11:34:55 PM

Quote from: slowlyslowly on July 21, 2021, 05:11:08 AM

Very rarely has bitcoin price gone below the 200 WMA and when it did it has recovered after a month or two. Not sure why $30,000 seemed to be checkpoint that took some time to go through other than it is a round number and maybe people had positions at that mark. Anyhow I see no reason why it cannot fall to the current 200 wma ($13,800?) after maybe slowing at $20,000 for the same reason as $30,000.

So I think bitcoin at its current price ($29,000 ish) is great buying but if people spread their buying out a little over time (next few months?) I think they will benefit even more.

To me this $12,000-$29,000 is the same opportunity we were all afforded when bitcoin was last "cheap " at about $250 in June 2015 and about $3,300 in February 2019.

Arguably with bitcoin on average doubling every year any time is good buying but now is a superb time to buy. And who knows when or if ever again the stars will be so aligned.

(this is not financial advice)

We're too far from that specific projections mate, there might be several attempts fo downturns lately fearing to see btc goes down below $30k but that doesn't come to fulfillment due to quick recovery. Most hungry investors took opportunity of the situation, then buying back additional asset is their best strategy. If they're not seeing a good potential from btc, we won't experience all those positive responses.

Hopefully, that will not happen this year or next year and the price can sustain at the current price and bounce to the high price for the rest of this year. If that can happen, maybe the bottom of bitcoin price in the next year will change and we will not see $30k or $40k for the lowest price of bitcoin, although that could still possibly happen in the future. I am sure the investors already took their opportunity by buying bitcoin at $29k yesterday and now, they are waiting for the bounce for the price or if the price still goes down, they will make sure to buy more, especially if the price is the same touch below $29k.